Digitsy Inc. Announces EscrowBytes Service, Allows Users to Sell Video for Bitcoin
Digitsy Inc. today announced the availability of a cloud based service EscrowBytes, allowing any person with a cell phone to make money selling videos to news organizations around the world.
EscrowBytes service responds to the growing need for real-time video news at the same time employing worldwide reach of Bitcoin payment transactions. New service reduces the risk of fraud for both buyers and sellers of a digital asset. As a trusted third party, EscrowBytes stores digital video files uploaded by a seller, and releases those files to the buyer after payment is confirmed.
"The key enabler for this business model is Bitcoin - an open digital currency which removes social and economic barriers between sellers and buyers of potentially politically charged videos" said Alex Solonchev, CEO of Digitsy Inc.
"Increasing maturity of the digital currency technology allows us to unlock business prospects in remote markets never previously thought possible".
Ever increasing popularity of mobile video creates demand for monetization opportunities for people witnessing a newsworthy event. At the same time many news organizations have seen their competitive advantage diminished with the rise of social media. Bringing both sides together EscrowBytes service allows news organizations to focus on core value of professional journalism - uncovering the context of an event and providing an informed analysis of that.
By combining its advanced video processing capabilities with targeted messaging technology and the ability to manage Bitcoin payments, Digitsy Inc. positions itself as a leading provider of digital escrow services for global video market.
About Digitsy Inc.
Founded in 2004 in Los Angeles, California, Digitsy Inc. built and launched its EscrowBytes service capitalizing on 10 years of expertise in software development and payment processing. Digitsy Inc. is now executing on its plan to serve global markets utilizing digital currency technology.