I read this article and I wonder about something: "For instance, they (Waterhole) allow an optional three-step verification for the users, consisting of ID, photo and video verification."
So if you need to practically give them your DNA sample, then what is the reason behind escrow at all?
Escrow provides good protection against fraud in small as well as big transactions.
If some trade involves less amount and one of the party cheated other, the victim is not likely to take legal course as money involves is less and legal fee will be much higher. In such cases,escrow provides fast and secure transactions