Cash-Rip: Payment method simulates ripping cash note in half and giving payee one half. The idea is to somehow bridge the gap between paypal or credit card style payments which give too much advantage to the payer,
and direct BCH payments which are perhaps too much in favour of the merchant. Also it is cheaper and easier than using an escrow service.
With Cash-Rip, control over a sum of money
is split equally between the buyer and the merchant, so neither party can steal the money,
but either party can effectively destroy the money. So a greedy and rational buyer should in theory always release the locked-up funds to the merchant after getting her item.
