Bitrated

Founded in 2013, Bitrated aims to enhance trust and security in the cryptocurrency economy. The platform operates as a consumer protection and payment system built primarily for Bitcoin transactions. It utilizes multi-signature (multisig) wallet technology to create a secure escrow where funds can only be released with the consent of multiple parties (e.g., buyer and seller). In the event of a dispute, a mutually agreed-upon third-party arbitrator can intervene to resolve the issue and release the funds, providing a layer of security similar to traditional payment systems.