GRAFT is an application of the blockchain with the potential of taking us a step further into the economy of the future, one where we do not have to worry about fiat currencies, ever.
While cryptocurrencies are gaining popularity, right now, it is perceived by the majority as a novelty, trophy, or at best, as an investment. These currencies cannot be earned or spent in the course of their daily lives and so, not worth giving attention. Sadly enough, this sentiment is actually shared by a lot of people who are buying them,not because it is generally acceptable, but because they see it as an indicator of status, wealth and a good way to earn handsome returns on investments made.
In addition, in a lot of places, users of these cryptocurrencies find it strenuous and distasteful to go through unduly lengthy exchange routes to trade in their coins for fiat currencies. So they let them sit there in their wallets, encouraging the idea that these currencies are more of a trophy than a resource to be used when needed.
But with GRAFT coming into the picture, the system of things now will definitely change for the better.
With the installation of software on POS that makes transaction of cryptocurrencies possible,trust me, the popularity of these cryptocurrencies is going to shoot up. People are going to queue to cash in on this novelty-turned-reality. Every single time they conduct transactions on a POS,they will see the option for transactions using cryptocurrencies. And that, is an excellent way of creating public awareness that the time of cashless transactions is finally here.
Also, holders of these cryptocurrencies no longer get to worry about converting it into the fiat currency. With just the details to their wallets with them, they can make purchases and pay for services wherever they find themselves so long as a POS having this software is available. This most definitely will encourage people to make use of this. I happen to know people who like moving around without any cash but have got their credit cards with them at all times. Which was why we have a POS in our cafeteria where they can pay with ease. If they got to know the GRAFT software is installed on the POS, believe me, those cards would soon be obsolete.
As trivial as it may seem, the issue of always converting the currency with you when you have to travel to another country is one other thing lots of people do not fancy. Since cryptocurrencies can be used to make transactions on any POS having the GRAFT software, many people will be dumping fiat currencies in record time.
Merchants having the access to the GRAFT software get to offer customers a wider range of payment options, debit/credit cards as well as crptocurrency. The GRAFT interface supports a number of transaction types as well, making it possible to tailor the app with the passage of time to suit any customer’s needs. This enlarges the number of potential customers a merchant could seamlessly attend to.
With these in mind, it is quite safe to say that in a short while, GRAFT will be indispensable in businesses. Its introduction will also be a major boost to the world of cryptocurrencies.
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