Sponsored Writing Contest: GRAFT

mariabarreto (42)in #crypto • 6 years ago (edited)

Blessings! @OriginalWorks.
and his GRAFT My entry in GRAFT Writing Contest.

Let's talk about the new Graft technology, that is giving a lot to talk about.

Graft, the first network of open source payment gateway blockways designed for Point of Sale, advancing ahead of schedule and launching its main network on January 16, 2018, before the start of the Initial Coin Offer (ICO) ) of the company, which begins on January 18.

Since the introduction of Bitcoin, it is said that blockchain technology changes the financial system forever. However, almost ten years after the launch of bitcoin, it has not changed much in the traditional financial system due to the impact of blockchain. One of the reasons why the adoption of blockchain cryptocurrencies is not widespread is that many of the existing cryptocurrencies were not designed to be effective as a means of transaction (at the point of sale) in relation to existing options such as cards of credit and debit.

Currently, using bitcoin and many other cryptocurrencies is more expensive for consumers than credit and debit cards. A consumer could pay up to $ 30 in transaction fees. In addition, existing cryptocurrencies do not offer traders, who are not sure about the legal or tax implications of accepting payments with cryptocurrencies, the freedom to decide in which currencies (fiduciaries or cryptocurrencies) they would like to charge. Graft has the mission to solve these existential problems and incorporate the acceptance of the cryptocurrency.

Transactions in the Graft network will be confirmed in real time and the transaction fees will be a fraction of those of the existing cryptocurrencies, and will be driven by the amount of the transaction instead of the network load as in the case of bitcoin . The Graft network is also designed to encourage micro transactions. In addition, Graft works with existing payment behaviors and infrastructure, allowing merchants to accept payments in both local fiduciary currencies and cryptocurrencies. In other words, Graft allows encrypted payments to work so easily and conveniently with MasterCard, Visa and Amex.

In addition, GRAFT Network offers network-driven compliance to local laws and regulations, cross-border payments, built-in merchant tokens and loyalty programs, automatic currency conversions, flat value tokens, and opens up to person-to-person credit.

The GRAFT point of sale network points to the dominant cryptocurrency, GRAFT would not exist without its predecessors. It is based on ideas, principles and technologies introduced and tested by creators of other cryptographic tokens, "concludes the white paper.

Using the latest technologies developed by the cryptography community along with newly developed solutions for transaction processing and security will allow GRAFT to compete with traditional payment methods and existing centralized payment processors.

GRAFT Blockchain aims to provide a durable solution to most of the problems faced by cryptocurrencies at the point of sale, including long waiting times and high transaction costs.

Makes it easy for the merchant to start accepting cryptocurrencies at the point of sale, without having to change processes or train people:

The GRAFT Blockchain mobile point of sale application accepts several cryptocurrencies, eliminating the need to maintain multiple applications and wallets at points of sale.

Instant transaction confirmation, within hundreds of milliseconds to a few seconds, which allows the normal process of in-store purchase and online.

Transactions are settled in real time and payments can be received in local currency.

Graft is integrating with the main terminal providers, which allows accepting cryptocurrencies without changing the POS system.

GRAFT Blockchain makes paying with cryptocurrencies as simple as using a credit card or a mobile wallet.

Allows you to use your favorite cryptocurrency at the point of sale.*

Rapid exchanges allow transfer between currencies at the time of payment, allowing the functions of ¡payment with any currency!

The transaction fees are small, proportional to the amount of the transaction, and are always charged to the merchant (as with traditional credit card payments, only they are much smaller). Micro purchases with cryptocurrencies will finally be affordable.

GRAFT Blockchain also offers a variety of options for ecosystem partners to be part of the network and earn income while providing services:

Supernode owners process the transaction and earn commissions,

Independent software vendors create back-office and other types of applications at the top of the network.

Service brokers provide merchant services, payment / deposit, arbitrage and other services to the network.!

the ico rating system you can trust!