When it comes to digital assets, you’re most likely going to use blockchain. Essentially double-entry bookkeeping(assets and liabilities) with an added entry, a verifiable cryptographic receipt of any transaction. While complex in nature, it has profound societal impacts.
Graft is a transparent payment network solution that leverages blockchain technology to foster a universal payment platform. Meaning all cryptocurrencies and debit/credit(s) will be accepted.
The benefits of PoS include:
The PoS solution must be easily integrated with existing terminals in order to scale the adoption of cryptocurrencies and blockchain assets.
To put it simply, debit, credit, and cash payment platforms are slow and inefficient. One reason they are inefficient is because they have to go through the middle men i.e. banks, which is expensive and have been shown to exhibit corruption. Let's not repeat 2008 :( Another problem is that the user has to pay for the transaction.
Cryptocurrencies can be used in place of cash and or card(s). You can use it anywhere, and it’s secure and private. However, the vast majority of businesses do not know how to implement such a system.
The consumer wins because they are now not paying for the transaction fees, and don’t have to worry about unfriendly interest rates. In addition, the payment is completely private and simplifies crowdfunding.
It’s good for the merchant because they avoid bank bureaucracy and its accompanying transaction fees. They can also see and track the process in real time. In addition, Graft supports smart contracts which make it easier for periodic remittances and subscriptions.
Once cryptocurrencies are eventually accepted at every worldwide PoS, we will usher in an age of rapid micro, and macro, economic growth. We will be able to scale entire third world countries to sustainable, local working economies. These local economies will be fueled by creativity. Digital economies will transcend geographic and political boundaries. Graft’s transparent payment network solution will take cryptocurrency to the next level. Exciting times.
Thanks for reading!
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