GRAFT. The new payment platform that includes your digital currencies.

in #crypto6 years ago (edited)

GRAFT

I've always asked myself what will happen in the future with technology and the world of cryptography? And I think the answer is that no one knows for sure, but we can imagine it because we see little by little the path that technological evolution takes and as day by day the world of cryptography generates more trust among users.

Source

One of the most common questions among new and experienced cryptographers is how to use digital currencies as a form of payment without having to sell them? That another alternative exists to solve debts or pay for some goods and services other than the sale of cryptocurrencies. And in the case of merchants, it will have legal implications to accept payments with cryptocurrencies and how to do it. Graft has the mission to solve these existential problems and incorporate the acceptance of the cryptocurrency.

Graft is a blockchain-based payment network that operates throughout the world, was created for transactions at points of sale. The network aims to eliminate the problems faced by the current cryptocurrency payment system, eliminating long waiting times and high transaction fees. They want to facilitate the way transactions between merchants and buyers are made, which facilitates the acceptance of digital currencies at the point of sale.

Let's see some questions that can clarify some doubts about this payment platform.

How was this possible until now?

Many users are very nervous about losing money in sales due to the big changes in Crypto Currency Markets, as well as the time it takes to complete the transactions. Due to this, it was necessary to create an alternative that would lead the digital currency to the points of sale more easily. And Graft is the perfect solution, in my opinion, to the biggest problem with cryptocurrencies that exists, which is how we can spend it more easily and how to buy the goods and services we need in everyday life.

The design of the system overcomes the inconvenience of payments with cryptocurrencies, such as the slow speed of transactions, lack of privacy and high transaction costs, among others. Merchants with Graft can accept cryptocurrencies at the point of sale as easily as they do with cash or credit cards.

Where should I have my money available?

Your money will be in your wallet as always, only the transfer will be done with your authorization at the moment of executing the payment.

How is the payment made through Graft?

1.- The user connects his cryptocurrency wallet and credit cards to the graft wallet.
2.- The Graft wallet scans a QR code of the terminal enabled for Graft.
3.- Graft blockchain facilitates the transaction through the blockchain consensus and involves the service intermediaries to handle the exchanges and the back office.
4.- Finally the buyer receives his product and the seller obtains his payment in the local currency, if he so wishes.

Very good, but really how does it work?

Suppose you are on vacation in another country and want to buy a delicious hamburger in a fast food place.

Note: This application is developed in a team that includes dual screens for the interaction of the merchant and the client. After you have configured your wallet in the Graft application (both the customer and the seller), it is easy to transfer tokens between wallets in a purchase process.

1.- The merchant generates the load request from the side of his screen, there he loads the amount to pay for the hamburger.
2.- The customer in the files of ALT payment chooses the Graft payment option.
3.- Next, on the client side, the confirmation of the status of the account to be paid is shown. If it is correct, press continue.

4.- After making the confirmation, on the same side the Payment QR Code Screen is displayed.
5.- The customer chooses the Graft payment option from his mobile and scans the code shown on the screen.

6.- Once the payment is made, the confirmation appears and ready. Completed Transaction (You can now enjoy your hamburger). The process is very simple.

For more information you can enter here
https://www.graft.network/paymentterminals/verifone/

Why did Graft Blockchain create a new application called CryptoFind?

Because this application allows buyers with cryptography to locate places that accept cryptocurrencies as a means of payment. The application is a network that connects the owners of cryptocurrencies with merchants, which will grow on its own through the contributions of users. This application will allow further development of the way in which payments are made with digital currencies.

Source

What are the benefits for the buyer?

  • Transactions will be executed instantaneously, and you can pay anywhere.
  • The buyer will not be charged fees, even for the smallest purchase.
  • They can use their cryptocurrency of choice, since they will have a lot of variety for digital coins.

What are the benefits for the seller?

  • They will win new customers.
  • They will deal with the main cryptocurrencies of the world.
  • Your business will be visible to a new market sector if they are added on the map.

Consideration

For several years Venezuela has been submerged in a deep crisis. Every day we see how our money is pulverized, mainly the shortage of cash money to the current hyperinflation, there are shortages of medicines, food, scarce foreign exchange, which has resulted in migration to neighboring countries, high levels of insecurity, among many other things.

The integration of Graft to our country could help Venezuelans to a large extent to reduce the crisis they are going through today. While it is true, there are several platforms that help us accumulate different cryptographic assets, such as through Steemit, through games, or simply through a job we do to someone and receive payment with some currency digital. Graft will solve the problem in the current payment system, it will allow us to pay for meals, clothes, among other things with any cryptocurrency, it will benefit both the buyer and the seller and will allow us to spend and save our money in a better way. It should be noted that, in Venezuela, there are already establishments that receive digital currencies.

For more Information

GRAFT
GRAFT WhitePaper
GRAFT Twitter
GRAFT BTCTalk
GRAFT Facebook
GRAFT Reddit
GRAFT YouTube
GRAFT Medium

By@norkamoran

graft2018

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