There is no doubt that the beginnings in the business world are always difficult. The opening of a store is no exception. Even before the opening to the public of our trade, we are going to raise a series of doubts and questions about its characteristics and functioning. One of the most common is the task of deciding how to charge our customers.

Logically, this will depend, among other things, on the flexibility of the platform we are using for this task. If you have decided to create your own store or that you already have, you can incorporate a variety of payment methods for your business using the technology blockchain and cryptocurrencies. Among the options we must take into account this innovative form of payment, especially for micro payments made on a daily basis, and the best thing is that this innovative technology that makes it possible is compatible with most POS terminals who are around the world

Transform industries

Currently Blockchain Research Institute investigates how the Blockchain transform these 10 industries: financial services, retail and consumer goods, governance and democracy, energy, higher education, transportation, manufacturing, media and telecommunications, technology, health and resources.
According to the expert, supply chain, an industry that generates u $ s60 trillion and includes giants Foxconn and Walmart, is examining the blockchain for transformations.

platform will create value

According to analyzes, the bitcoin and ethereum could continue to grow, not only in value, also in the number of platforms that help solve problems such as scalability, interoperability and governance.

2018 could highlight platforms as Cosmos, Aion, ICON and Polkadot, which are different because they have been designed to overcome many of the bottlenecks. These so-called "third generation blockchains" are unique and be aimed at achieving multi-asset and multi-enterprise

The fiat cryptocurrencies

The 2017 brought some attempts, like the one in Venezuela, to have its own cryptocurrencies, but many of these so-called fiat cryptocurrencies were only attempts by governments to appear innovative and undermine independent cryptocurrencies, although in 2018, real initiatives are expected to advance with countries like Switzerland, Singapore, Canada, India, Estonia, South Korea, Japan and the United Kingdom.

Meanwhile, bitcoin and other cryptocurrencies are expected to deepen their usefulness as a true medium of exchange. There are thousands of large or medium companies that already accept bitcoin for the payment of goods and services such as Overstock.com, Newegg, Shopify.com, Dish Network and even Microsoft and Paypal.

Evidence suggests that in 2018 a growing number of retailers and service providers will accept bitcoin and cryptocurrencies in general as payment. This could include Facebook and Amazon.com.

If you consider what is the future of cryptocurrencies and the problems that slow down your process, you need a platform that manages to include the best of two existing technologies, to be able to use a payment platform like you use a visa or mastercard, but be able to pay with our cryptocurrencies mediating electronic cards similar to these will give the change in the use of cryptocurrency as a form of payment, especially in the daily micro-payments used by people around the world, now you can have a coffee and pay with your wallet virtual

We go for a coffee, payment with GRAFT

GRAFT is a blockchain based payment system that can combine the standardized benefits of traditional electronic payments and cryptocurrencies in one. Using smart terminals integrated with GRAFT technology, local retailers can receive payments from customers in local currency through these terminals, buyers can use cryptocurrencies, bank cards or electronic wallets for payment.

The system used by GRAFT performs the conversion and other processes necessary for payment, allowing buyers to pay conveniently and quickly at any point where common bank cards are accepted. This relieves the tension about how cryptocurrencies are spent. At the same time, the point of sale saves money on the equipment: the smart terminal serves as cash register, and payment terminal and bank. GRAFT makes payments with cryptocurrencies convenient and legitimate.

The main enemy of micro-payments with cryptocurrencies is beaten with GRAFT technology since there is already a wide network of points of sale worldwide which can be linked to the technology of the platform, the second most serious problem is the waiting time that users currently suffer when making a payment transaction with cryptocurrencies, GRAFT attacks this problem with an interesting and effective use of super nodes which guarantees a transfer in real time, equal to the one you use your favorite credit card, and if they go further, because the use of FIAT currency are also accepted, which generates an ecosystem where the two world actors coexist

So far all very nice, but who pays for this advance?

To start the most important in any trade, and especially retail, is the customer, keep a happy customer is synonymous with loyalty and trust which is very important to always keep with our customers, therefore the system is charged at trade that the terminal has for the use of the system, but making calculations, it is actually quite economic, since the charge is an equal percentage to the one that is charged today for a transaction of sale with debit card

We already know the benefits of the point of sale terminal and the profitable ones that are for the businesses, so you pay the same for the use of the GRAFT technology, which is not to replace the current system of payments with debit and credit cards, if not that it expands the forms of payment incorporating blockchain technology for the use of cryptocurrencies in daily payments of daily life

Merchants have the following options available to them when it comes to enabling GRAFT Network payments in their location: enable the existing payment terminal that they are using (assuming it is a compatible model) with GRAFT as an alternative payment method. To do this, they would download the GRAFT application from the market of the corresponding payment terminal (at this moment we are actively working in support for Verifone and Ingenico). In this way, a merchant can use the same terminal to accept traditional and encrypted payments. Set up a separate terminal specifically to handle cryptocurrency payments.

And if the merchant does not have a point of sale?

Use GRAFT POS if you do not yet have a POS terminal / payment configuration or would like to start or switch exclusively to payments through the GRAFT network.

With this technology for electronic components such as tablets and cell phones it is sought to encompass all existing businesses and thus create a complete global network where inclusion is the greatest advantage for all
Mobile payments are coming to market with great force and GRAFT uses this technology to complete its platform

Just great

Pedro is a blockchain technology enthusiast and has been keeping a certain amount of cryptocurrencies for some time. He knows that his future will be better if he is investing in this market, so he is saving and trying to make a financial habit for his future, but one day away from his week of payment, Pedro gets up to work, seeks to start the car and he does not walk, what is happening, Pedro raises his hood and sees that his battery is no longer useful, it is almost time to get to work and does not have enough money in your bank account to pay for a new battery

Pedro looks in his phone and sees a store that sells automotive parts and has the battery he needs, Pedro goes to the store, he needs an urgent battery, but he is calmer, because the business where he is going to make his purchase uses GRAFT, so Pedro you can pay your battery with your favorite cryptocurrency accepted on the premises, and immediately, you do not have to wait for a virtual exchange house to buy or change your digital currencies and that copper a high percentage

Pedro arrives at the store because they accept the cryptocurrency, the seller writes down a sale with a commission margin equal to a debit sale, and so everyone is happy

what is in sight does not need glasses: advantages of the GRAFT system

Looking for the benefits of integrated systems blockchain technology GRAFT provides a level of security at the highest level to the market of micro-payments with cryptocurrencies, generating a functional ecosystem that can be coupled with the existing network of electronic points of sale that is around of the world

The trade adds a new method of payment, new, which is already causing a high impact worldwide

The waiting time is reduced when making a payment with cryptocurrency, which makes feasible the use of this as payment mechanism in stores around the world

The merchant can choose between receiving his asset in FIAT money or cryptocurrency, which generates a boost to the merchants

Convert your cryptocurrency into a more effective asset, amplify its use, which generates a more positive environment for cryptocurrencies in the future

If the store does not have a point of sale, you can opt for the integrated system using a smart phone or tablet, and thus be able to have an effective and fast means of payment

Closing the topic

The blockchain technology brought a total advance in the global economy, thousands of people migrated to digital platforms and make this their livelihood, and many only work from home, others do a double job, while there are others who have followed the wave from their beginnings and now have a large number of savings in cryptocurrencies

All those involved have a wish in mind, to be able to opt for their cryptocurrencies at any time if they are going to pay for any asset or service, we want the possibility that our cryptocurrencies are more effective, to be able to count on their support at any time

The possibility of making micro payments worldwide, in such a wide network with that of the points of sales is magnificent, and this brings benefits for all the parties involved, it is the innovation that is needed to give the impulse to the future of the cryptocurrency in the world economy

with the long waiting times that are currently suffered and yet this trade grows, then it is not difficult to imagine the boom and speed of expansion that cryptocurrencies will have with this technology that makes transactions transactions of seconds for any payment

You can know more about the subject by watching his introductory video