Graft Blockchain is built on the idea that the payment industry can benefit tremendously from the democratization brought forward by the blockchain technology, but only when the right technologies are chosen and combined with the accepted industry workflows and systems.
“Cryptocurrency is becoming a widely accepted form of storing value. One of the biggest challenges is making that value easier to spend for day to day items. Stores already have POS machines, but have a hard time adapting their businesses to accept cryptocurrencies.
GRAFT has long finished their ICO, and has a functioning MainNet. GRAFT allows businesses, small and large to start accepting cryptocurrency payments without any hassle.”
What is GRAFT?
It's a non-profit company which provide decentralized global open platform that is able to process settlements of merchant payments, transfer of funds, and authorizations in real-time while using an untraceable blockchain and a decentralized API.
The Problem
Cryptocurrency transactions are considered as one of the least preferred systems for making common payments due to certain issues regarding the long confirmation and authorization times as well as the absurd fees that come with it.
One of the major problem we've been having in the entire crypto ecosystem is the application of crypto currencies in carrying out day to day real life activities in business in terms of payment of services, buying of assets or consumers goods, shopping, etc...
These and many more have been a big problem delaying the mass adoption of cryptocurrencies, its application in real life situations. Taking all these into consideration we would agree that in order to solve the problem, we need a crypto payment system which would be able to process transactions in micro seconds, at a low and affordable fee for micro-payment, ease of access for both merchants and users.
Solution To The Problem
GRAFT has made it so easy to partake in the crypto integration for all kinds of businesses or users, by revolutionizing the old system of credit/debit cards on P.O.S, the platform was designed to suit all users who previously understand the old traditional concept of Credit or debit cards payment system.
Graft is an application for P.O.S to connect their device in the blockchain network and use cryptocurrency as payment in you groceries, food and bills and also an all in one, multipurpose wallet. For merchants, Graft can provide Gift certificates, Loyalty Reward Programs, Coupons and Store Credits and can connect privately in blockchain called Vchain to interconnect their store so credits can apply in all stores.
An interesting feature about GRAFT is that it is compatible with numerous cryptocurrencies, crypto tokens, as well as fiat usually in the form of debit or credit cards through the GRAFT wallet application of the individual making purchase.
Features of GRAFT :
Operation of the GRAFT Eco-System.
They aim to integrate the blockchain technology and cryptocurrencies with the traditional Online Payment Systems and terminals and create a one-stop electronic payment system which is unrivaled. The primary objective for making payout token of Graft is giving a simple and dependable path for traders to get paid in stable form of local fiat monetary forms while keeping away from utilization of centralized long installment processors.
RTA (Real Time Authorization) method of GRAFT.
Conclusion
It is based on ideas, principles, and technologies introduced and tested by creators of other cryptographic utility tokens. Imagine a world where cryptocurrencies are at every point of sale. You accumulate cryptocurrency through work, playing games, exercising and other crypto-related activities. You are able to easily use these earnings to buy goods as well as services.
More Information & Resources:
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