What are you doing with your crypto?

Crypto is the new kind of money that has caught the fancy of one and all. However the earlier cryptocurrencies like Bitcoin and Ethereum have become more of a store for value. So what about people like you and me who have crypto and want to use it in our day to day lives. I remember going to a cafe. I wanted to pay for my coffee with bitcoin but the problem was bitcoin was hotter then the coffee that I had ordered.. Meaning the bitcoin transaction fee was more then the cost of the cup of coffee. For the sake of using Bitcoin for a real life purchase I was willing to pay this fee however the next big hurdle was the time needed to confirm the transaction which can be from a couple of minutes to a couple of hours. Waiting so long for a payment to get validated is neither in the interest of the customer not the merchant.

So what is the solution?

The Solution is Graft

![m1.jpg](https://cdn.steemitimages.com/DQmYswU3hndihvsU8ZYogUAKvNBSHywLenk9KTjnuCQPJQS/m1.jpg) Graft is implementing a Global Decentralized Payment Processing Network with the help of a Universal payment blockchain. For the merchant it provides a software that integrates into the existing POS terminal. As a result the merchant can accept payments with the same ease as they accept cash and card payments.

What Makes Graft work?

Graft implements an app that integrates into the merchant POS. For graft to be provide an efficient payment solution it has two apps for the clients a) GRAFT Multi-currency Mobile Wallet for Android GRAFT Multi-currency Mobile Wallet for iOS The users can manage cryptocurrencies and make payments with this app. b) A big challenge for a cryptocurrency holder is to find where cryptocurrency can be accepted. this app does just that. Based on the location of a user it lists all the businesses that accept cryptocurrency GRAFT CryptoFind App https://youtu.be/wsY-P6RtcAc

It all starts with the merchant

The onus of accepting crypto as a mode of paymet lies with the merchant. For the merchant accepting crypto can open doors to a large number of new customers. Accepting a new form of payment can have its own challenges. Graft makes it easy for the merchant to start accepting crypto paymets without having to learn any new skill or invest in a new POS terminal. ![m2.jpg](https://cdn.steemitimages.com/DQmQfzxDXUtjqowM8wtRoGZV8vQKMsjFaSAZD79D9caRsRY/m2.jpg) All that is required at the merchant POS terminal is installation to start accepting crypto. No new hardware is required.

Ingenico Terminal Integration

https://youtu.be/120IwZbPlnI

Verifone Terminal Integration

https://youtu.be/mA15TnbvnKY Besides opening up a new market Graft offers a whole lot of other advantages which are as follows. Lower transaction fee Transaction : Card payments charge 2-3% payment fee this fee is to be borne by the merchant. Graft is processing merchant payments at 0.5% and offering RTA or real time Authorization of transactions.

Understanding the RTAs Real Time Authorizations that Graft offers

![sn.jpg](https://cdn.steemitimages.com/DQmW7C8DTFvh1zznXNdhUSD7kUrFLNbuLCZi2jdjhZsvGqt/sn.jpg) Validation of a BTC transaction typically requires 6 block for a confirmation to reflect and can take upto 30 minutes or more. In orfer to validate and authorize transactions in real time Graft would have a two layer network with supernodes. These supernodes would be randomly selected based on the stake tiers. These supernodes would be assigned the task of confirming and validating the transactions in real time. The mainnet of Graft is already live and the RTA feature would go live from 1st Aug 2018. - The Crypto Find App would let the merchant list their business and lookingup the app would enable the customer reach the merchant. - There would be less cash handling at the merchants end.

Here is the payment method comparison.

![payment.jpg](https://cdn.steemitimages.com/DQmPhP5f9oMPiNQ4DNFjxfeG6BdVXvgrKRj7GyUBVSA4Fhf/payment.jpg) A Use Case Let me go to a cafe that is willing to acept crypto and has the GRAFT solution implemented. This means I and many more customers can use the Crypto Find App to locate the business. A lower crypto payment boosts the margin for the merchant therefore he may offer an incentive to encourage customers to use crypto payments. A functional RTA reduces the risk for the merchant and also gives credibility and paster payment processing. Validation od a BTC transaction typically requires 6 block for a confirmation to reflect and can take upto 30 minutes or more. In orfer to validate and authorize transactions in real time Graft would have a two layer network with supernodes. These supernodes would be randomly selected based on the stake tiers. These supernodes would be assigned the task of confirming and validating the transactions in real time. The mainnet of Graft is already live and the RTA feature would go live from 1st Aug 2018. The Crypto Find App would let the merchant list their business and lookingup the app would enable the customer reach the merchant. - There would be less cash handling at the merchants end. Here is the payment method comparison.

A Use Case

Let me go to a cafe that is willing to acept crypto and has the GRAFT solution implemented. This means I and many more customers can use the Crypto Find App to locate the business. A lower crypto payment boosts the margin for the merchant therefore he may offer an incentive to encourage customers to use crypto payments. A functional RTA reduces the risk for the merchant and also gives credibility and paster payment processing. https://youtu.be/hdacgxgFX14

More Information & Resources:

https://steemit.com/crypto/@originalworks/680-steem-sponsored-writing-contest-graft twitter bonus : https://twitter.com/thedarkrider13/status/1019303958513364993 graft2018