[Graft : The payment solution for mainstream adoption] by Miss Crypto
Global blockchain network payment gateway designed for point-of-sale.
Characteristics (Coinmarketcap on 16/07/2018):
✅ Coin: GRFT
✅ Blockchain: Graft
✅ Blockchain Type: Cryptonote (Fork Monero)
✅ Proof Algorithm: PoW / PoS
✅ Total supply: 1 051 815 936 GRFT
✅ Max. supply: 1 844 674 407 GRFT
✅ Circulating supply: 309 712 936 GRFT
✅ Price: $0.014479 USD (227 satoshi)
✅ Capitalization: $4,484,241 USD (704 BTC)
✅ Ranking: 593
✅ Creation: January 2018
This is the second time I presentGRAFT and you will findhere my first post in English andhere the one in French.
What have they become six months after their ICO, have they respected the roadmap, have they developed partnerships etc, we will see all this today.
Project Summary
It's a non-profit company whose software is open source and which aims to launch a network of points of sale accepting cryptocurrencies, with low fees, faster transaction processing, without recourse to banks and thus aims to allow wider acceptance of crypto. thanks to ease of use.
With the sole aim of allowing merchants to accept several cryptocurrencies simply as a payment in cash or debit card and thus allow the greatest number to spend its crypto, GRAFT is attacking a collosal market.
Like many other cryptomonnaies, including BTC and ETH, GRAFT is really designed to become a currency in the same way as FIAT currencies and in this, its fungibility thanks to Cryptonote is a strong point.
Graft believes it has found a way to overcome problems (scalability, fungibility, ease of use etc) through a secure network based on its own GRAFT Blockchain.
GRAFT becomes a gateway between merchants, customers, brokers, exchanges and banks.
Here is a diagram summarizing the operation of the GRAFT eco-system.
Seven months later, where are they?
In my previous article, even before the ICO was finished, GRAFT had already launched its Testnet.
As planned in the roadmap,
today are available :
- MainNet that I let you discover if you're curious :-)
- Wallet available on mobile client and desktop :
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✅.
- Cryptofind App.
As our app for discovering and listing crypto-friendly merchants is gaining more popularity among crypto enthusiasts, we periodically release new features and bug fixes. In recent CryptoFind version, in addition to bug fixes, we added a possibility to take a picture of the GRAFT sticker on the merchant’s window so the users can earn better bonuses.
- Their partnerships
I couldn't talk about GRAFT without mentioning their partnerships with Verifone and Ingenico, two POS giants (Point Of Sale).
I know Ingenico very well and it is very widespread in France and I myself used this terminal, a few years ago it was my POS when I had my restaurant.
So thanks to partnerships, no need to change POS and make unnecessary expenses for the restaurant to accept the cryptocurrencies, the GRAFT app is directly available on your terminal screen!
Asthis post indicates,
After working closely with the Verifone team over the last six months on developing and certifying GRAFT Network integration using Verifone’s brand new Connect application platform, we’re proud to announce passing of the main phase of the rigorous certification process as of the end of last week, making GRAFT one of the first applications on the platform and first one to enable cryptocurrency payments using Verifone’s interactive series payment terminals.
- And the best for last, RTA (Real TIme Authorization) scheduled for August 2018.
"Here is the “10,000 foot view” of RTA – simplistic, optimistic sequence diagram of the RTA flow:"
Transactions via the Graft blockchain network will be confirmed in real time using full supernodes.
Do you realize, with most cryptocurrencies, it's impossible to make a purchase in the shop because you imagine having to wait several minutes for the confirmation of a transaction?
You wouldn't be happy :-( and neither would the seller and that's normal.
When the BTC transaction fee was overpriced, I had read an article from a man who said he had paid a drink in a bar for $7 and $10 fee. This is crazy!
Remember the Cryptokittiesthat completely congested the Ethereum blockchain.
That is why RTA is so important in the GRAFT project.
Cryptocurrencies payments will only become mainstream if they are, at a minimum, immediate and inexpensive.
On this subject, I found this comparative table GRAFT vs other cryptocurrencies and Paypal for payment processing applications very interesting.
GRAFT and me!
Integration of GRAFT as a payment method in cryptocurrencies for my husband's pizzeria business.
I managed to convince my husband to use GRAFT as one of the payment methods for his pizza sale.
As he does not accept credit cards and does not wish to accept them, again GRAFT to the solution with his mobile client POS.
The implementation will be very simple:
1- Download the POS app available as a mobile client iOS or Android.
For me, I downloaded the app. Android that I installed in less than a minute.
2- Complete the Merchant Sign-up Sheet / Survey.
The answers to this form have been studied by GRAFT and you can find the report here.
You can also use this form to order "Accepting GRAFT/crypto soon" stickers.
3- Print merchant marketing materialse.
And it's over, my husband now accepts cryptocurrencies!! and everything was done in 5 minutes!!
The application is great, very easy to use. I can enter the prices of all the pizze on his card and in case for example he makes a promotion and the price is different, he has the possibility to enter the price directly and validate.
In conclusion, when will the steem be integrated on Graft? :-)
See you soon.
Miss Crypto
Disclamer
The information in this article is for informational purposes only and does not constitute an offer or solicitation to purchase.
I urge you to do your own research.
More Information
- GRAFT
- GRAFT WhitePaper
- GRAFT Twitter
- GRAFT BTCTalk
- GRAFT Facebook
- GRAFT Reddit
- GRAFT YouTube
- GRAFT Medium
- GRAFT Steemit
Graft2018
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Hi. Thank you for the contribution.
Contributions that contain information that can be easily found in other sources usually don't add value to the project, and although you have shared with us a real case of implementation, and although you have shared with us a real use case, this does not go much beyond the initial implementation process. It could be valuable to know something of the experience with Graft working. on the other hand, congratulations for innovating with this type of solutions in your business.
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