PayFair was established as a decentralized escrow platform utilizing Ethereum smart contracts to facilitate secure peer-to-peer (P2P) transactions. The company's mission was to create a trustless environment for exchanging goods and services, where funds are held in escrow by a smart contract and only released upon the fulfillment of predefined conditions. The platform aimed to reduce fraud and lower transaction fees compared to traditional escrow services. However, public development and communication for the project appear to have ceased around 2020-2021, indicating it is no longer actively maintained.

Founded in

United States