image source: graft website
We the crypto believer are perceiving a world where cryptocurrency will be the most important mode of transactions. Currently, it is considered as one of the payment options with limited merchants due to administrative hassles like several confirmations, heavy transaction fee, time gap in approval etc. Its been more than 10 years while bitcoin is in the market but transaction through bitcoin or any other currency cost a lot and hence the world could not yet adopt crypto transactions completely.
Inspite of lot of acceptance of crypto in last so many years, most people (including me) still feel safe to use their credit or debit cards for payments. To resolve these administrative issues and customer anxiety towards a safe payment model, Graft has come with a solution.
What is Graft
Graft: Global Real-time Authorizations and Funds Transfers, is providing a merchant-friendly decentralized payment gateway to eliminate all the intermediary processes to make the payments faster. The payment gateway is developed on the blockchain technology and the transactions will be as simple as cash or card transaction.
Best Features of Graft Platform:
The best thing I could understand is the real-time authentication, which can bring a lot of relief for both merchants and customers. Further, it is creating a win-win situation for both of them and making the transaction smooth & quick.
The point of sale application will accept all the methods of payments including popular and unpopular crypto coins as well as the existing traditional payment method (debit or credit cards). So, as a customer, we don’t have to maintain multiple wallets or payment applications.
Merchant will get his payments in his local currency: I feel as a merchant it can be a great comfort to get the settlement of payments on a real-time basis in his local currency because he does not have to spend his time and energy in maintaining several cryptocurrency accounts and then converting them into local currency.
The other great thing I found about Graft was there will be no transaction fee for customers. Yes, you have heard me right just like any traditional method we can shop as much as we want without paying any fee. 😄
I feel Graft want to create a big change without anything being changed. I mean besides the existing traditional payment method, cryptocurrencies will also be included in the list of currencies, but the process of payment will remain the same. In short, they want to bring a new payment gateway with an ease to use the traditional payment gateway.
Visit GRAFT at Website for more information.
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https://steemit.com/@originalworks/680-steem-sponsored-writing-contest-graft
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