Technology has been a huge impact in most economic activities especially activities that pertains transactions. We are in the era where goods and services can be bought with credit cards through POS machines and also, with varieties of mobile apps. With such improvement, every individual can purchase items easily and at their comfort zones.
However, cryptocurrency is a measure of value that is gaining popularity globally, where cryptos can be transferred from one wallet to another in the blockchain.
But what happens to the ability of cryptos in purchasing daily items?
Does it mean that, owners of cryptocurrencies are incapable of experiencing flexibility in purchasing goods like when using credit cards?
What happens to my demand of a cup of coffee if it's just cryptocurrencies I posess at that point in time ? Would I start going through the process of exchanging the currencies to Fiat money because of just "a cup of coffee"? That's time consuming.
Therefore, the need for flexibility in demanding goods and services through the means of cryptocurrencies is needed and that's why Graft was created, in order to enable people have effective demand through the value of cryptocurrencies.
Graft is a retail decentralized payment blockchain network that is designed in allowing cryptocurrencies to be used for buying and selling at any point in time(POS). It is a fast, safe and compatible payment blockchain that enables transactions on point of sale with the use of cryptocurrencies. Therefore, cryptocurrencies holders won't be ever stranded in their several purchases.
It also avoids the use of middle men or any dictates from major cryptocurrencies like Bitcoin. Instead of going through the high charges attached in exchanging cryptocurrencies to Fiat money, why not use Graft that buys and sells directly for you.
"At least,
I can finally have my cup of coffee."
Less Expensive
The fees charged while using your credit cards is outrageous where merchants are charged largely and leave the customer to bear much of the burden. Fortunately, Graft doesn't charge the customer, all financial cost are paid by the merchant. In reality, 2 to 3% of cost is charged by credit cards to merchants but Graft fee for transaction are fixed, where 0.5% to 0.75% could be charged for several services which is lesser than half of the charges in usual situations.
Also, the charges that is incurred in exchanging cryptocurrencies into Fiat in order to make even small transactions would totally be eradicated by the use of Graft. Therefore, this will increase transactional activities globally.
Very Fast
The usual delay faced when exchanging cryptocurrencies is time wasting where the exchange to a major cryptocurrencies like bitcoin must take place before exchanging to Fiat money. This alone brings in friction in the aspect of buying and selling. Fortunately, Graft is fast where there is non-existence of point of control or dictates from major cryptocurrencies. With such characteristics, Graft will change payment processing where buying and selling with cryptocurrencies would be extremely fast.
Decentralized(no point of dictates or alterance)
Before exchanging any cryptocurrencies to Fiat money, Bitcoin and Ethereum must be used, this brings in limitations in various purchases. Graft don't necessarily need Bitcoin or Ethereum to perform its operations. It uses cryptocurrencies at the best wish of the customer and pays for item bought by cryptocurrencies into Fiat money to the seller or cryptos based on the choice of the seller. This will enable customers or owners of cryptocurrencies to make purchases that may even require little funds due to such flexibility.
Very Reliable and Safe
There is less security attached when purchasing items with your credit cards or even mobile apps. Cases have been recorded of hackers who have made away with people funds in various transactions process via apps. But Graft is totally unique, transactions under Graft are locked in a smart contract. At this point, the buyer or seller cryptocurrencies are locked in a smart contract inorder to avoid fraud from any party.
Flexiblity in payment processes
Payment with credit cards has made life much easier. But in terms of cryptocurrencies, payment processes is very difficult, where 0.081btc can't be used to purchase a flat screen TV directly. This friction has made transactions almost impossible for crypto holders. But Graft buys and sells directly for both the buyer and seller.
Also, mobile apps of Graft is created in order to carry it various transactions thereby accepting major cryptocurrencies and also allows small or large business organisations accept cryptocurrencies.
Allows Point of Sale
Graft allows point of sale payment where debit cards of Graft are made available for easy assess of cryptocurrencies to be involved in transactions activities. Therefore, it's like our normal point of sale payment with no difference or any form of glitch.
RTA Approved
Graft's doesn't Involve their services with delay where RTA a two layer network is there to give authorization and also send message of confimation after transactions in less than 4seconds. Consumers, merchants and sellers can trust Graft RTA due to its fast and speed experienced while paying or selling with cryptocurrencies
Free Transfer to different wallet
Graft enables the easy sending of funds to different Graft wallet with no fee or friction. It's very fast while sending and receiving funds.
Also performs several other operations With the use of POS, different units can make various transaction operations. With Graft, booking a ticket for a concert is permitted, paying for fuel or gas in its station or paying your flight ticket can all be done using Graft. Services like renewal of your decoder subscriptions is part which brings flexibility in payment.
Avoids Fake Identity from users
Graft approves both the buyers and sellers identity in order to avoid fake or ingenuity n transactions by fake formulated individuals.
Protects the identity of users
Cryptonote makes sure that the privacy of sender or receiver address are highly protected from the public. It also avoid letting transaction cost to be seen by the public.
Integration of Cryptocurrencies:
Graft has been a able to integrate verifone and igenico payment terminals inorder to fully bring in cryptocurrency into this economy.
Others
Use cases:
1)Mrs. Tunde is a seller of wristwatches. A customer known as Mr. Joseph wants to purchase a gold rolex wristwatches but has only ethereum and Mrs. Tunde prefers Monero coin. With the help of Graft, Mr. Joseph will still be able to pay in ethereum and Graft will pay Mrs. Tunde in Monero.
2)Magatha needs to get a cup of coffee but lacks Fiat money and has Bitcoins. With the help of Graft point of sale and debit cards, effective demand would be made.
Graft
After the full completion of their iOS, Graft is seen to be integrated into various devices such as:
Mobile POS App for Graft
This app allows merchants to accept cryptocurrencies with the app on their Android or iOS.
Mobile Cryptofind App
This app enables customers to find stores that are accepting cryptocurrencies. It is also available to iOS and Android.
Graft Mobile Wallet App
This app is for the purpose of storing several cryptocurrencies which is both available for the iOS and Android.
GRAFT Multi-currency Mobile Wallet for iOS
GRAFT Multi-currency Mobile Wallet for Android
In conclusion, Graft has made life easy in purchasing goods and services with cryptocurrencies. It has enable people to accept cryptocurrencies in our modern economy for various day to day economic activities. No more delay based on exchanging currencies, Graft has everything under control.
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