I Came, I Saw, I Purchase. Behold The Dawn Of The Global Real-Time Athorizations and Fund Transfers (GRAFT) Processing Platform

joelsegovia (65)in #crypto • 6 years ago (edited)

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Introduction

Lack of transparency and abuse of centralized power have produced a system that hinders freedom and equality on purchase and sale services. Crypto have came to relieve us from these major paint spots, but current applications and adoption rates are far form being as good as we wish them to be.

Centralized systems are full of intermediaries that siphon out vast amounts of resources from users and merchants. Also, banks centralize and control the actual flow of resources that are not their own. Furthermore, within centralized systems users have little to no influence on what decisions are made with their funds and how they could be employed.

The idea of crypto is that you can use it instead of credit cards and cash to pay for the product or services everywhere at any time, and you should be able to do so with much more security and much more privacy. Unfortunately, the current situation is still far from this point, businesses simply do not know how to adopt crypto because the already built system works reasonably well in terms of practicality. There have to be major incentives for merchants to radically change their payments methods. Also, the process of exchanging the vast amount of different cryptos with cash is quite troublesome and transactions fees are paid by users! This is not the heavenly dream with which we all think that crypto would bless us. But, now GRAFT have come with an option that seems to take us closer to the smooth and frictionless sell/purchase environment we all desire.

What is GRAFT's team vision?

Users should be free to choose their payment methods, and it has to be as easy to make payments with crypto as it is with cash or credit cards. Merchants needs should also be taken into account. They have to be able to exchange crypto and FIAT easily to pay bills and employees. Because of that:

Graft is a retail-oriented payment blockchain and a decentralized alternative payment processing network

GRAFT will allow crypto to have broad adoption because of its competitive characteristics. Transaction fees are less expensive for merchants compared with Points of Sale fees. Also, users would not have to pay high interest rates for their credit cards and no intermediary-crowded cash system will be required.

GRAFT merges into it all the strengths of traditional centralized systems and all the revolutionary features of crypto

Instant payment method like cash	Immutable and secure blockchain transaction record
Seamless integration with current payment methods and credit facilities similar to credit cards'	Decentralized and control free encrypted network

Mobile Point of Sale App accepts various cryptocurrencies, multiple wallets are no longer needed	Payouts are settled almost in real time and they can be received in local FIAT
Instant transaction confirmation allows normal in-store and online checkout process	GRAFT is already integrated with leader terminal providers; this will allow merchants to accept crypto without the need to change their Point of Sales.

Buyers pay no fees, they are charged to the merchant and are 50% cheaper than bank fees	Payments can be made anywhere thanks to GRAFT's Point of Sale
Free transfers between wallets for small transactions	Quick exchanges allows usage of any currency when paying for products and services

Cryptofind will help bring awareness by mapping merchants that have GRAFT payment system	Hosting a Super Node will support instant transaction confirmation and will be rewarded with transaction fees charged on merchants
Spread the word with Merchant Marketing Material	Hosting a Proxy Supernode will provide Gateway/DAPI services to the network, this will also be rewarded with transaction fees paid by the merchants

GRAFT Outstanding Applications

GRAFT will integrate a system of supernodes that will allow Real Time authorizations between GRAFT wallet and GRAFT Point of Sales. Visit this page to find out more, and you may watch the next video

Cryptofind will allow merchants to list their stores to gain visibility, hence more customers will be driven to their businesses. The following video has a very intuitive explanation

A New World Full Of Posibilities In Front Of Us

^{Source: This is my originalwork}

Conclusions

GRAFT will bridge the final gap that hinders crypto mass adoption, they found an efficient solution for integration of traditional purchase/sell services and crypto. Thanks to Real-Time Authorizations in-store and online purchases will be carried as fast as with traditional systems. Even more, thanks to the seamless integration with leading terminal providers, merchants will be able to include crypto as a valid payment method without changing their Points of Sale. No surprises, no uncomfortable changes.

In my opinion, GRAFT could change the current crypto experience for the better, we will have access to a system that will eliminate the need to change FIAT currencies when traveling abroad because there will be lots of businesses that will accept crypto all over the world. Moreover, the usage of crypto will skyrocket which in turn will raise the demand for crypto and prices will likely follow the uptrend. Thus, early adopters and early investors will gain big profit and crypto related business will sprout all over.