Graft - Payment Processing Network

in graft2018 •  6 years ago 

According to (Graft)[https://www.graft.network/about/],

"Graft Blockchain is built on the idea that the payment industry can benefit tremendously from the democratization brought forward by the blockchain technology, but only when the right technologies are chosen and combined with the accepted industry workflows and systems."

As it right said that Payment Industry will get a boost if the payments are decentralized. I still know that I have to fulfuill KYC Documents for the PayTM Wallet in India to pay buy something using my own money. I do not have to think twice before spending my own money using the Graft Payment. Whenever I transact anything using my Debit or Credit Cards I get tonnes of emails and phone calls asking me to buy the similar product, but I do not want it. The graft Network will help to select the level of disclosure I want to give for any given transaction rather than all teh info about the transaction.


PC : https://www.graft.network/

Now if I have to get the payment from Oversees, first I have to give the remittance tax to convert from one currency to another and then I have to give the tax to teh government. Wouldn't it be great to give it only one time fee, this is where Graft will come handy because it provides major cryptocurrencies acceptance, instant payouts to local currency, instant confirmations
as well as integrations with leading terminal providers. Whereas for the Buyers it is a Zero fee network, free trasnfer between the wallets, pay anywhere and anytime.

As of now if I have to buy a Camera using let's say Steem, I have to convert it to Bitcoin then send it to the seller's wallet with additional transaction costs and wait for some time to see if the transaction is been confirmed or not. Graft if can accept Steem then the payment will be instant, like in seconds and then I do not have to worry about the transaction fees. People are reluctant to buy anything from Bitcoin as of now owing to the nature of not giving adequate channel where all the proof of activity is stored. By using Graft I will confirm that all by money is safe with them and I will get what I intended to get from the seller.

You know how will GRAFT's RTA system allow merchants to operate their business as usual because merchants do not have to worry about the overhead of changing their existing system to Graft Network as they just provide GRAFT as an alternative payment method and you are done with the fees almost half of what they pay for Credit Cards. Isn't it great to become a merchants too as I do not have to worry anything and just do the selling. Thus you do not have to change your processes or software or give your buyer a new experience, you are just adding an additional payment channel and I am sure buyer will love it as they have the option to choose now.

graft2.PNG
PC : https://www.graft.network/

Also as of now we see crypto as a form of coins which will gain in its value. What if we can integrate it in day to day life and does not have to worry about Fiat altogether this is where Graft Network can be helpful and you do not have to worry about your spending because you have your crypto to do all the purchases. Now you might be thinking where can I find places which accepts payment in crypto, you do not have to worry about it because Graft has an app which will discover and list all the crypto friendly venues.

Check More at : https://steemit.com/crypto/@originalworks/680-steem-sponsored-writing-contest-graft

graft2018

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