Crypto Escrow APIs Explained: How Fiat Conversion Works in…
By Damilola Esebame
AI summary of the source article
Crypto escrow APIs utilize smart contracts and multi-signature wallet configurations to lock and release digital assets during peer-to-peer and OTC transactions. Fiat conversion APIs support these trades by locking exchange rates for up to 15 minutes while conducting automated KYC and AML screening. To optimize costs and dispute resolution, platforms deploy dual-deposit collateral models and layer-2 networks like Arbitrum.