Indeed, it is.
However, if you are unwilling or unable to use a bank, or wish to protect your privacy, this might be a good option to consider.
And I think it's cool.
In case you missed it, we have reputable members who offer escrow service and of course, they deal with cryptocurrencies. I think one could even convince some of them to use privacy coins like XMR or messaging apps with E2E encryption.
Few Trusted Escrow Providers₿ LIST ₿ Bitcointalk's ESCROW providers: Ranking & Blacklist ☠ Avoid Scam ☠ (some information could be outdated)