GRAFT: Making Cryptocurrencies Useful In Our Day To Day Transactions With Ease.

in #crypto6 years ago

Introduction
    Although cryptocurrencies are world wild recognized currencies yet, it only remain an online asset until when the owner go through some stressful process in other to convert it into his or her local currency. In other to put an end to a stressful cryptocurency exchange process, GRAFT came on board to give an era in which cryptocurencies can be spent like our various local currencies.

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What is GRAFT?
    GRAFT is a decentralized organization which brings alternative payment processing network that brings cryptocurrencies to the point of sales and beyond with the use of blockchain. Thus, with GRAFT our online asset can be easily reached should in case the need arises in an impromptu manner, compared to the stressful old and time-wasting means we go through in the cause of exchange before we can use any cryptocurrency.

How is GRAFT able to achieve this stress free use of cryptocurrencies in our day to day transactions?

  • With the use of a functioning MainNet, GRAFT allows businesses in respective of their scale ( large or small) to start accepting cryptocurrency payments with the use of GRAFT Mobile Wallet App which is available for both iOS and Android devices in other to ensure easy and stress free cryptocurrency payment.

  • Apart from being able to accept cryptocurrencies in businesses, the ability to detect the location of places which accepts cryptocurrency cannot be jettisoned. , GRAFT came up with another App called GRAFT CryptoFind to allow its users to find locations which accept cryptocurrency, it allows merchants to update their status and also help users to locate stores that accept cryto. This application is also available for both android and iOS devices

  • GRAFT also introduce Graft Mobile POS to aid easy use of cryptocurrency in exchange for goods and services. Thus, with the use of GRAFT Mobile POS application, traders can accept cryptocurrency payment from customers who possess any cryptocurrency with the use of their various Android and iOS devices.

  • Payment terminals are well known traditional means of making payment for goods, which allows traders to get payment via debit and credit cards. Just like the familiar method been used,( payment terminals) GRAFT has successfully integrated on both Verifone and Ingenico payment terminals. Which gives traders the ample opportunity to install a free application on their various terminals and start accepting crypto payment.

  • No buyer will want to wait for 30 minutes before the cryptocurrency he or she has sent to a trader for the exchange for the goods he/she bought,before the trader receive the amount the buyer has sent. In other to make payment with cryptocurrency work like the way our local currencies work, the transaction of cryptocurrency for exchange must be confirmed by the seller within few seconds of a successful transfer. In other to achieve this, GRAFT introduce Real Time Authorization (RTA) which helps to process the delivery of the cryptocurrency sent by the buyer to the seller within few seconds after a successful transfer.

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Image credit

With this four applications, GRAFT as successfully created a easy and fast means for merchants to accept crypto payment and to give buyers the ability to pay for goods or services with the use of cryptocurrency instead of going through the stressful conversion processes.

The benefits you can derive from the use of GRAFT apps
    These are some of the ways GRAFT applications are useful to both buyer and selling in the process of making payment for goods and services:
GRAFT saves time: with Graft, the time which is supposed to be spent on the exchange of cryptocurrency is saved. For draft allows payment via any cryptocurrency and get it converted to the desired currency of merchants within few seconds.
GRAFT reduces the huge amount spent in P2P transactions: the method of cryptocurrency exchange that as been existing before the arrival of GRAFT is the P2P exchange which always initiate contract between two people for the exchange of currency. Despite the fact that the P2P method is not as fast as GRAFT but it charges two times the transaction fee used by draft. Thus draft is two times cheaper than the existing exchange means of exchanging cryptocurrencies into local currencies.
GRAFT gives its merchant users the ability to attract more customers to themselves because with graft, merchants will have the advantage of receiving crypto payment as an advantage over their competitors and will call for the attention of crypto holders to patronize them instead of going through conversion processes.

CONCLUSION
    GRAFT has changed the payment processing industries by including the use of cryptocurrencies in our traditional purchase, it has apps that can integrate on existing merchant devices like POS, iOS and android devices which will make payment easy for cryptocurrency holders and also give merchants the ability to get payment with any cryptocurrency because GRAFT converts the cryptocurrency into the merchant's choice of currency. With this amazing functions of draft, join with the use of draft by download the iOS and android Apps and start making or receiving payment with cyptocurrencies with ease.
For more information about GRAFT visit the links below:
GRAFT
GRAFT WhitePaper
GRAFT Twitter
GRAFT BTCTalk
GRAFT Facebook
GRAFT Reddit
GRAFT YouTube
GRAFT Medium

Graft2018.

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Compiled by oluwashinaayomi
17-07-2018

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Looks like something we can all use for the near future..

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Quite facinating to see so many projects emerging using blockchain. Thanks for the article.

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