The world is entering a new era, an era in which cryptocurrencies are slowly entering the local market due to their popularity skyrocketing in the last few years, being desired by many and catching the attention of the local folk as a viable investment option. However, although it is not uncommon to be involved in the world of "digital money", businesses do not accept cryptocurrencies as a payment for the acquisition of goods and services, so in order to make a purchase, the cryptocurrencies must be changed to the local currency of the country in which said purchase is going to be made, paying high commissions at the time of the transaction.
What is GRAFT?
It is a decentralized system designed with points of sale in mind and also taking advantage of the benefits of the blockchain. With this innovative system it will be possible to pay with cryptocurrencies in any store or establishment that uses GRAFT, not only saving money on comissions, but also being able to make said purchases in a quick manner.
Advantages of GRAFT:
This system accepts the different types of cryptocurrencies that exist in the market, eliminating the need to have several applications or wallets at the point of sale.
Cryptocurrency payments or fiat transactions at points of sale are made instantaneously and can be charged in local currency.
Local stores receive confirmation of the transactions in seconds, making the process very comfortable and safe.
- The system offered by GRAFT is integrated with companies that provide point-of-sale equipment, without the need to change their POS system, that is to say, the one they use to bill their sales, control cash flow, inventory, accounts receivable and payable, among others. Of course, this asset makes GRAFT extremely easy to use.
What GRAFT offers:
GRAFT Mobile Wallet:
Application ready for IOS and Android, being you, the user, responsible for the security of your wallet through your username and account. This app allows the direct interaction with the GRAFT Blockchain, but since it does not retain the user's information, if the access key to the wallet is lost, that means the loss of all the funds in said wallet; of course, the fact that it does not retain the user's information makes it more secure, but it also requires the users to be responsible.
GRAFT CriptoFind:
This application allows users to find places where cryptocurrencies are accepted as a payment, as well as allowing businesses or stores to join the list of establishments that accept this type of transaction. This app enhances the experience that GRAFT is trying to promote, being able to buy with cryptocurrencies with such efficiency as if it were the local coin.
GRAFT mobile POS:
With this application merchants can accept cryptocurrencies with their IOS or Android mobile phones for the payment of their products, easily and instantly.
GRAFT Terminal Integration
Through the free installation of the system offered by GRAFT, store owners can start accepting cryptocurrencies in their Verifone payment terminals as well as in Ingenico. It is a simple process and is adapted so that companies that are familiar with the traditional collection system can use it.
Verifone Terminal Integration
When a customer pays with credit cards, the banks charge the merchant large fees for each transaction they make, and that cost is transferred to the customer, but with GRAFT those rates are a small fraction of what the credit companies charge.
Credit cards charge merchants approximately 3% per transaction, while GRAFT charges 0.5% for all transactions made, plus 0.25% to 0.75% for SLA and services.
Real-time authorizations (RTA)
GRAFT is working on RTA (real-time authorizations) ensuring that payments will be authorized and processed quickly, since it is of high importance that the customer receives confirmation of their payment almost instantaneously, so that they can be satisfied with an excellent service.
The customer pays with the cryptocurrency of their choice and the merchant receives the payment in their preferred currency, it is a win-win transaction.
GRAFT is also working to enable the RTA to perform various types of transactions, such as authorizations and retentions. It is a system that adapts to the ones for points of sale that are already in use, since the main objective of GRAFT is that merchants continue to operate in the same way they always do, without changing the equipment they own or use new processes in their operations.
The GRAFT RTA will work by implementing a two-layer network with supernodes, confirming and validating transactions in real time, very important for payment processing.
Conclusion
The system designed by GRAFT is going to allow the cryptocurrency to be increasingly more accepted and known in the world, because as with any traditional currency, you will be able to pay with them in any commercial establishment almost instantaneously. It also saves you the money usually spent on commissions when using the points of sale, since said commissions are paid by the seller and not by the buyer.
To make your purchases you only need to have a mobile IOS or Android phone where you have the GRAFT application with your wallet, find an establishment that receives cryptocurrencies and enjoy your purchases. Remember that GRAFT also offers an application where you can locate stores that receive cryptocurrencies.
I am very excited to support GRAFT, because like most women I love shopping. With this wonderful system I will be able to pay in points of sales with my cryptocurrencies quickly, and I do not have to invest time and payment of commissions to change my cryptocurrencies, with the money that I save I can continue buying!
This is a dream come true, imagine buying the newspaper or any magazine near your house with your cryptocurrencies. Also imagine going on a trip to any part of the world and paying at any point of sale with your cryptocurrencies, you would not have to buy currency from that country to make your purchases; in my country Venezuela when you travel abroad and you need to buy currency you have to do it at the black market price, being subject to surcharge and many times of fraud.
Pay and enjoy your purchases with GRAFT, a fast, safe and simple payment alternative.
Watch this short introduction:
More Information & Resources:
- GRAFT
- GRAFT WhitePaper
- GRAFT Twitter
- GRAFT BTCTalk
- GRAFT Facebook
- GRAFT Reddit
- GRAFT YouTube
- GRAFT Medium
Note: The first image was made using Photoshop CS5. Some of the images used were edited from GRAFT's websites to be more appealing to the eye, the pictures that were taken from other sources were credited above.
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Excelente amiga mucha suerte. Saludos!
@andreinacepeda
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