Graft- Change in the payment processing industry.
Preamble
If we study today's statistics in comparison with those of 5 years ago, we can see how the Blockchain industry has increased, and how it is currently being a great alternative for many. At the time of making any purchase of a good or service and this new payment technology can be felt.
But even though we believe that our society is prepared for the innovation of cryptocurrencies and that paying with them is now a reality, it is also true that the mechanism has many limitations.
Do not be scared when I talk about limitations, because it's nothing serious.
When the issue of limitations in the Blockchain is touched by some transaction, it is well known that it can take at least 10 minutes, although it may seem like too little time for some, it is too much for this reason that the traditional system would take advantage of it.
What would happen if I told you that GRAFT is about to change that rusty waiting system for Blockchain transactions?
Yes, it's no joke what you're reading. I'm serious when I tell you that GRAFT is going to change the conventional Blockchain system. And it is that for those of us who are familiar with paying through cryptocurrencies, we know that transactions are not at the speed of light and we must wait a few minutes for it to be confirmed.
But thanks to GRAFT you will not have that inconvenience because it speeds up operations instantly. So, the merchants will operate in their businesses as usual and with a new alternative.
Benefits of the Software
GRAFT has an application that will make our lives easier, and it's about CryptoFind. Its purpose is to show us the locations of establishments that accept encryption.
It is a Win / Win option since it allows users to find stores and traders to update their status. In addition, it is important to highlight that GRAFT MOBILE POS will allow users to pay with cryptocurrencies in establishments.
Send a payment and receive it will be only in seconds and you can do it through your mobile.
The greatest thing of all is that the merchant will have the attention of a new public in their stores. And it is the public of cryptocurrencies.
Integration
We are used to the payment system with credit or debit cards in any store where we want to buy something. So, the integration of the world of the Blockchain and specifically cryptocurrencies in the form of payment should be integrated in a way that companies that have decades doing their work with payment terminals feel comfortable.
In this way transactions, should be as easy and free as they are in the common purchasing system. So, GRAFT goes a step further than the other cryptocurrency systems because GRAFT has been integrated into VERIFONE payment terminals.
In other words, merchants can install the application of which I speak for free in the terminals they must start accepting payments with the desired cryptocurrency.
To finish falling in love with the integration of GRAFT, we have excellent rates. And it is for no one is a secret that using our credit cards warrant the collection of percentages, but GRAFT will not charge you anything, since the merchant will be the one who pays those percentages for you. And best of all, those rates are insignificant compared to what we are used to by our conventional banks. Here I will give you an example:
Credit cards:
Conventional CC: 3%
GRAFT: 0.5% (if the rate is constant), 0.25% to 0.75% for SLA and services
Either way, it's still a round business.
RTA
RTA means (authorizations in real time), that is, everything that I have been talking about before is incredibly involved with this term. And is that the productivity of transactions will depend a lot on how quickly it is done.
Undoubtedly the RTA is the one that will make our lives easier at the level of payment authorizations, and without a doubt is the one that is going to change the world of cryptocurrencies since it is the real protagonist for the success of GRAFT.
The GRAFT RTA is the one that will provide the variety of the service as well as the inclusion of the crypts in the market.
Now I present to you the great team that has made this possible
If you want to know more about this topic you can access:
GRAFT Twitter
GRAFT WhitePaper
GRAFT YouTube
GRAFT
GRAFT BTCTalk
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Hello @merryslamb
You Just tell me Graft is 100% safe or not ?
If it is very safe, you can consult directly with them if you have any questions
Thank you
Others have attempted to do this too. But hopefully, Graft will do even better as a bridge between cryptocurrencies and stores that may not accept payment directly from Bitcoin or others. It can be tough if governments go after specific companies. It appears that Graft includes a blockchain system. I'm assuming Graft is also a company to some extent like Steemit is an American company but with a decentralized Steem blockchain. I will need to look at this more. Thanks. Upvoted.
Yes, that was what most caught my attention. I think that Graft came to change the world of commerce with the implementation of payment with crypts
awesome
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@merryslamb, I'm waiting for the continuation of the topic
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