GRAFT - CRYPTOS' FREEDOM OF SHOPPING!
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.
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.
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
Source
Second way
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
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
GRAFT Cryptofind app
For more information please visit
Thank you!
graft2018
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@bornprince you were flagged by a worthless gang of trolls, so, I gave you an upvote to counteract it! Enjoy!!
Thank you very much!