Today there are thousands of cryptocurrencies and tokens in circulation with over 300 billion dollar valuation and increasing. But because of the lack of their acceptance by merchants, we almost always need to convert it into fiat to actually spend them to buy some goods and services. To solve this problem many projects are working to design an alternative payment system and POS terminals to help mass adoption of these digital assets.
GRAFT has come up with a unique product which do not need merchants to install yet another payment terminal but it seamlessly integrates in their existing payment system. So no extra cost and hassle for installing a new POS terminal for merchants. And customers can pay through this terminals just like using any other credit or debit card. GRAFT has already integrated with widely used Verifone and Ingenico payment terminals. Have a look at how its Verifone terminal interface works:
GRAFT has also developed Android & iOS apps which can make any smart phone work as a cryptocurrency payment terminal. Thus making crypto transactions possible at all merchant outlets.
Not only this, GRAFT transaction charges are free for customers and is less than half the established fiat gateway like Visa & Master Card charge to merchants. So this is a huge financial incentive for its easy adoption by everyone.
Graft has also developed an interesting app called Cryotofind App to help discover the crypto-friendly merchants for the customers. Using this app, it becomes easier to locate a merchant where customer can transact using her digital assets.
For making its adoption quicker, Graft is offering a good incentive to anyone who can list merchants who are willing to accept crypto payments through Graft. You can earn a handsome amount of GRFT by listing the merchant on its payment acceptance map (100 GRFT), placing a coming soon signage (300 GRFT) and actually get the business to start accepting payments through Graft terminal (500 GRFT) and several other incentives on adding many merchants to their network.
These incentives should help this project gain popularity sooner than later.
Today Cryptopia exchange is going to list GRFT on its exchange.This will hopefully give the much needed boost to its price which is currently hovering around $0.02. If you compare this price with Pundi X tokens (taking into account their huge supply), GRFT is less than half its price.
Considering the developments and features it offers, GRFT project is far ahead of any other similar project. It has already launched its Mainnet, integrated its terminal with partners like Verifone and Ingenico; came out with Android & iOS apps as independent payment terminals and is expected to launch its Real Time Authorization (RTA) processing system by August, 2018; I think this project is quite undervalued and deserves a lot of attention.
RTA will make it possible to authorize the payment in real time just like other fiat payment gateway. This will allow transacting even in those cryptocurrencies which were originally not intended or designed for this purpose.
What more you can expect from a crypto payment gateway?
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This post is an entry for https://twitter.com/xyzashu/status/1019421361989488641