GRAFT - CRYPTOS' FREEDOM OF SHOPPING!

in #originalworks6 years ago

Hi guys !

This is not the one to miss, take your 10mnts break to read about GRAFT. It is amazing idea behind the crypto payments soultions that soon you will use to do your shopping on supermakets and stores by using your cryptos.

IMG_20180717_144211_457.jpg
Source

Introduction

What is a GRFT.?

The word GRAFT is an acronym of the
"Global Real-Time Authorizations and Funds Transfers"
GRAFT is a completely decentralized , real time credit, debit and inexpensive way of crypto payment processing blockchain that any buyer and marchant can use.

Source

How GRAFT will change the payment processing industry.

Background.

The existing crypto payment processing is not accepted by most marchants for several reasons behind the blockchain system.

Forexample
Bitcoin payment processing is online only and slower comparing to normal payment cards and cash. See the two ways or types bitcoin network can handle payment transactions

First way
IMG_20180717_122734_214.jpg
Source

Second way
IMG_20180717_122636_788.jpg

Source

Both two ways still unfit comparing to the traditonal ways that marchant have trusted for long time before. In futher details crypto payment processing are technically lacking the following to maitain seamless payement processing as traditional ways or more

● Lack of essential transaction types
● Unsuitable payment flows
● Long confirmation times
● Unbalanced and unpredictable transaction fees
● Inability to process micropayments and repeating charges
(subscriptions)
● Lack of offline transactions support
● Low scalability
● Volatility
● Incomplete security
● Lack of privacy due to traceability of blockchain
● Lack of trust between buyer and merchant
● Questionable utility
● Poor usability of end-user interfaces
● Lack of customer support

The solution

GRAFT employs payment processing protocols and flows similar to how
traditional electronic payment systems—such as credit, debit, and
prepaid cards—are processed, which are already familiar to and trusted
by millions of users and merchants around the world. This approach
enables easier and faster adoption of GRAFT as a mainstream payment
platform, while eliminating the need for centralized intermediaries
(payment gateways and processors), currently required to facilitate
transactions between buyers and merchants

Source

GRAFT introduces RTA system that allow merchants to operate their business as usual.These are ;

  • Mobile wallet app
  • Mobile POS app
  • Crypto find app
  • Terminal intergration
    Source

GRAFT terminal intergration

Source

GRAFT Cryptofind app

Source

For more information please visit

GRAFT and GRAFT White paper

Thank you!

graft2018

This post is a submission to the writing contenst

Sort:  

This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
You can also follow @contestbot to be notified of future contests!

@bornprince you were flagged by a worthless gang of trolls, so, I gave you an upvote to counteract it! Enjoy!!

Thank you very much!

Coin Marketplace

STEEM 0.27
TRX 0.11
JST 0.032
BTC 64579.45
ETH 3101.05
USDT 1.00
SBD 3.83