How GRAFT is going to make life Easier for Buyers and Merchants in 2018
A Real Life Payment case Scenario:
Jack is going to drop his son to school en route they stop for breakfast.They order breakfast at a restaurant and then Jack realizes that in a hurry he picked up his mobile but forgot his wallet at home. Would they go hungry?
A Solution is in sight
No worries Jack opens up his GRAFT Wallet on his mobile phone and he is in luck he has some crypto in it.
Using the GRAFT app he pays for the Breakfast.
![making and accepting.jpg](https://steemitimages.com/DQmNzxStf4RHDeq3Z5MVcrs4ojixkBbFSUxcJ52esa2fTGu/making%20and%20accepting.jpg)
Without the use of GRAFT Payment solution such payment may not have been possible as the store may not be accepting crypto as a mode of payment, High cost of transaction, Long transaction time delay and a host of other issues but the GRAFT payment system system overcomes all this and aims to take cryptopayments mainstream.
The Cashier is more then happy to Process Jacks payment because
- Jacks payments gets processed very fast Thanks to the GRAFT's fast speed payment processing network that can handle both conventional modes of payment as well as the cryptopayments. This system integrates in to the restaurants POS system and does not require any additional effort to use or a steep learning curve.
-The Cashier who is also the owner has the option to convert Jack's payment into the local currency or keep it in crypto or convert it to another crypto all from withing the GRAFT single point access free app.
His transaction cost is lower for processing a payment via the GRAFT network then what would have been the case if payment was through a normal credit card.This means more money in hand for the merchant everytime a payment is received using the GRAFT payment system.
-GRAFT also connects to the inventory and informs him that the donut that Jack has ordered is the last one and he needs to inform the bakery for replenishment.
A Bigger Financial Challenge Awaits Jack
After breakfast Jack reaches school and realizes that it is the last day to pay the fees but he has no money and what little crypto he had has been used up to pay for the breakfast.
Now What?
Jack pulls out his mobile and fires up the GRAFT app. Now this app give a user the option to raise credit from a crowd sourced pool of funds that too without a check of any credit history.
He takes a loan to pay the school fee all from withing the GRAFT app.
Everything ended up well for Jack and using the GRAFT system of payments Jack makes payments free of any additional charge as the processing fee is borne by the merchant.
Jack can also send money free to his mother for her birthday without paying any fee. This is another feature of this payment system where in personal money transfers between family and friends are not charged any fee.
The GRAFT payment system is a business model funded by an ICO aims to create a decentralized, worldwide open source blockchain based payment system that can be used by anyone. Buyers and sellers stand to benefit enormously with it.
“GRAFT aims to take cryptocurrency mainstream by providing a Merchant and Point-of-Sale friendly payment network powered by GRAFT coin - a combination proof-of-work and proof-of-stake, Supernode blockchain implementation. ”
GRAFT can be used anywhere a debit card is accepted and this makes it super convenient.
This make the flow of money between the spender (sender) and the merchant smoother,faster, more secure and at a lower cost of transaction.
All these feature make it a good business opportunity to invest in. One can find all the details here
GRAFT
GRAFT WhitePaper
GRAFT Twitter
GRAFT BTCTalk
GRAFT Facebook
GRAFT Reddit
GRAFT YouTube
https://steemit.com/cryptocurrency/@originalworks/150-steem-all-languages-sponsored-writing-contest-graft
graft2017
This post has been submitted for the OriginalWorks Sponsored contest!
You can also follow @contestbot to be notified of future contests!
@originalworks please check my post
The @OriginalWorks bot has determined this post by @thetimetravelerz to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!