GRAFT (GRFT) Blockchain Introduction


by KDW 601 Views comments

GRAFT (GRFT) Blockchain Introduction

Coinfeed have been following GRAFT (GRFT) for quite some time, and now we think it's time to let a few more people know about what we believe is a very promising arrival to the world of Crypto.

What is GRAFT Blockchain?


Graft is a global, open-sourced, blockchain-based, decentralized payment gateway and processing platform that anyone can use. Any buyer and merchant can use Graft in a completely decentralized and inexpensive way. Graft ecosystem is open, so anyone can participate by maintaining Graft blockchain and implementing network services.

Graft employs payment processing protocols and flows similar to traditional electronic payment systems such as credit, debit, and prepaid cards, 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 Blockchain aims to bring a lasting solution to most of the problems that cryptocurrencies face at the point of sale, including long wait times and high transaction costs.

GRAFT Blockchain makes it easy for the merchant to start accepting cryptocurrency at the point of sale, without having to change processes or retrain people:

  • GRAFT Blockchain Mobile Point of Sale app accepts various cryptocurrencies, which eliminates the need to maintain multiple point of sale apps and wallets
  • Instant transaction confirmation, within hundreds of milliseconds to a few seconds, which enables normal in-store and online checkout process
  • Transaction are settled in real time and payouts can be received in local currency
  • Graft is integrating with leading terminal providers, what enables accepting cryptocurrency without changing POS system
  • GRAFT Blockchain allows using your favorite cryptocurrency at point of sale
  • Quick exchanges enable transfer among currencies at the time of payment, enabling “pay with any currency” features
  • Transaction fees are small, proportional to the transaction amount, and always charged to the merchant (just like with traditional credit card payments, only much smaller). Micro purchases with cryptocurrency will be finally affordable.

All sounds great so far doesn't it, so basically what the guys are saying is that this will be a fantastic way to bring Point of Sale to the masses and also, allowing Crypto transfers will be a new spin on payouts, we like their thinking.

We'll bring you more info in our next GRAFT article so keep an eye on the section, next will be the ICO.