(IJCH) "You mean with GRAFT I can buy coffee and donuts with cryptos!? Holy Sh*t!" (GRAFT - Money 2.0)
(IJCH) "You mean with GRAFT I can buy coffee and donuts with cryptos!? Holy Sh*t!" (GRAFT - Money 2.0)
IJCH - Inside JaiChai's Head (meaning: My warped, personal opinions and musings)
From the Author
Salutations. I am JaiChai. And if I haven't had the pleasure to make your acquaintance, it's always nice to meet a fellow Steemian.
The Evolution of Payments
GRAFT - A Win/Win For Everyone
The GRAFT ICO is on January 18, 2018.
Through the GRAFT Network, everyone will be able to spend cryptocurrency as if they were spending cash or swiping a debit/credit card - but better.
GRAFT is like Money 2.0.
It offers far superior convenience, security and anonymity than debit/credit cards - at a lower cost!
Using GRAFT, people are safer. It provides much more protection from theft than carrying cash.
GRAFT's many options and capabilities benefit both the buyer and the vendor.
GRAFT HIGHLIGHTS
Decentralized Processing (no central authority)
Universal Solution (accepting both cryptocurrencies and credit cards)
Vendor can give change in both cryptocurrencies and local fiat
Tiny and flexible transaction fees
Able to handle micropayments
Instant Authorizations (no more bitcoin confirmation times)
Absolute PrivacyUntraceable (unlinkable and fungible)
Trust and Compliance ID and claim verification on demand.
Flexible API and SDK
Multiple currencies, cross system wallets (including credit cards)
Vendor tokens for loyalty rewards and promotional campaigns
Built on Monero (CryptoNote) - PoW/PoS featuring high security
Free wallet-to-wallet transfers
Mobile Point of Sale and open DAPI
SUPERNODE OWNERS (miners)
GRAFT - Easy Transition
Current buyers and vendors were raised on the plastic card system.
A sudden and drastic change from a fiat and debit/credit card system straight into a cryptocurrency based system would surely cause mass shock, confusion and hysteria - not to mention the angry crowd of new users making those simple and embarrassing, but very costly mistakes!
(Akin to accidentally overlooking an extra "0" in the payment; or not paying attention to where the decimal point is. Or even worse, finding out the money they were trying to send to a relative ended up as a huge donation to the "Control Global Population, Cull The Weak!" Foundation.)
Clearly, the process of weaning the general population off of their fiat and debit/credit cards into a cardless purchasing system must be done gradually.
That's why GRAFT offers a Crypto/Debit Card.
With GRAFT's Crypto/Debit card, more people will be less anxious and become increasingly comfortable and confident using cryptocurrencies instead of fiat and credit/debit cards.
Conclusion
Most people are intimidated by the tech of cryptocurrency.
Many are afraid to be actively involved in it; or are simply unaware of the cryptocurrency movement.
Over 98% of the world's population still hasn't heard of bitcoin.
With GRAFT, everyone - no matter what techno level - will have a simple, convenient way to pay for things with cryptocurrency.
Since they will be purchasing products in the same manner as they did with legacy debit/credit cards or local fiat (but now paying with cryptocurrency instead), more and more people will make the transition.
And the mainstreaming of cryptocurrency will grow exponentially.
By JaiChai
For more details about GRAFT, visit the GRAFT Network website.
Many thanks for reading my post. And if you enjoyed it, kindly: Upvote, Follow, Comment and Resteem.
About the Author
JaiChai has been in the Disruptive Technology, Computer Science and Cryptocurrency spaces for many years. He is an enigma, regarded by his cohorts as sarcastic, funny, intuitive, but most of all - elusive. He’s known for randomly submitting philosophical and contrarian posts on several diverse forums.
When asked about his vanishing acts, he says, "I’m just somebody who enjoys being nobody because I look like everybody. Besides, time checking things off my 'bucket list’ - sans notoriety - is time well spent.”
This post is submitted as an entry to @originalworks' "150 STEEM ~ ALL LANGUAGES ~ Sponsored Writing Contest: GRAFT
If you wish to submit an entry, go to:
@steem-untalented
#untalented
The @contestbot is having some issues. Your post has been submitted!
checked ! 100% upvoted :)
This is a nice #untalented piece
@gidionline,
Thanks for visiting and commenting.
Happy New Year!
Namaste,
JaiChai
Never heard of Graft before, thanks for the write-up .. Will check out this ICO!
@roji.abraham,
Salutations.
Delighted to make your acquaintance.
Thanks for visiting and commenting.
You're an MBA grad too? Cool.
Upvoted your comment and following you now.
Namaste,
JaiChai
@originalworks
The @OriginalWorks bot has upvoted and checked this post!
Some similarity seems to be present here:
https://www.graft.network/
It appears the author has cited this source in their work. Great Job!
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by JaiChai from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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