Home / Crypto Currency / 5 Reasons Graft Will Bring Cryptocurrency Payments to Retailers Globally

5 Reasons Graft Will Bring Cryptocurrency Payments to Retailers Globally

graft network

Bringing cryptocurrency payments to retailers and the masses remains a very difficult task. Graft is looking to solve this problem through its universal payment blockchain. It is capable of providing an alternative payment processing network bringing cryptocurrencies to the point of sale. Below are five key advantages of using such a system, both for retailers and consumers.

#5 Payment Wallet Option

One thing holding mass cryptocurrency adoption and use back is the somewhat confusing nature of different cryptocurrency wallets. Different currencies all require their own solution more often than not. Graft offers people the option to use a mobile payment wallet or a plastic card-based solution, depending on their preference. As such, the project aims to offer a little something for everyone and users of all ages.

#4 Instant Fiat Payouts

Even though the Graft network is designed to bring major cryptocurrencies to retailers, there is still an option to convert these transactions to local fiat currency on the fly. This has been the main selling point for any cryptocurrency payment processing solution, as most merchants are still not confident in holding onto cryptocurrency balances for a longer period of time.

#3 Instant Confirmations

Another drawback of traditional cryptocurrency payments is how the confirmation times for transactions can take a while to materialize. This is especially true where Bitcoin is concerned, although most other altcoins do not fare much better under pressure. Graft ensures all transactions are confirmed instantly, both online and in-store.

#2 Integration With Existing Providers

Unlike most in-store payment solutions pertaining to cryptocurrencies, Graft will not require users to get a different set of hardware and software. Nor is there a need for additional phones or tablets to generate receipts and complete payments. Instead, the Graft solution can be integrated with leading terminal providers without making any changes to the PoS system in use. A big selling point for solutions like these, assuming it can get any real traction.

#1 Major Cryptocurrency Support

Perhaps the most interesting aspect for both retailers and consumers is how the Graft solution does not revolve around its own proprietary cryptocurrency. Instead, retailers will accept all major cryptocurrencies through the mobile point of sale app. It is fully customizable, giving store owners plenty of choices to choose from. It removes the need for maintaining multiple apps and wallets altogether, as everything is bundled into one convenient solution.

This is what makes Graft so interesting. It is a second-layer ecosystem which can run on top of every cryptocurrency on the market now and in the future. With built-in privacy solutions, sensitive information can be kept safe from prying eyes while still benefiting from the integrity of the blockchain. Graft has a lot of potential, and its main net is currently live and ready for use.

Read more

Check Also

Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest. Bitcoin Cash Value Fluctuates Heavily Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish. That is quite a large gap between prices, yet one that is also very easy to explain. Bitcoin Cash, as people knew it before the fork, no longer exists. Most professional exchanges have also retired this price ticker, for the time being. As the hash war rages on, there are still a lot of unknown factors waiting to be addressed. Despite this ongoing kerfuffle, there is a net 5.76% decrease in the Bitcoin Cash price, and a 5.4% decline over Bitcoin. More specifically, that is what CoinMarketCap reports at this time, although this is not necessarily the case whatsoever. In fact, some exchanges are clearly jumping the gun by labeling BCHABC as BCH and thus dragging the Bitcoin Cash price down a bit more. Exchanges currently engaging in this activity include Bittrex and Coinex, neither of which plays a big role of importance when it comes to trading. However, based on the current value of BCH on Bitfinex and Gate.io, it seems a similar incident is taking place. One also has to keep in mind Bitcoin Cash was getting battered ahead of the network split as well. Most exchanges have halted trading of BCH indefinitely, primarily because the currency no longer exists. It is evident either BCHABC or BCHSV will take over that name in the future, but nothing has been decided at this point. As such, any trading referring to just “Bitcoin Cash” or “BCH” should be avoided, as most users can never be sure which currency is effectively being traded under this name. All of this skews the picture pertaining to Bitcoin Cash altogether. Coinmarketcap reports there is still $392m in trading volume for BCH, even though that is virtually impossible right now. With so many exchanges freezing deposits and withdrawals, it is evident actual BCH trading is no longer possible whatsoever. Virtually all platforms have deposits of BCHSV and BCHABC frozen as well, which only makes this market trend more confusing. It is safe to say the entire network split has been a bit of a mess first and foremost. In the case of Bitcoin Cash itself, that name will – under the current circumstances- not be used across exchanges for much longer. Instead, the two separate camps need to be treated as such first and foremost. Until things settle down – with might not necessarily happen anytime soon – the Bitcoin Cash price itself is pretty much irrelevant for most traders and speculators. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Gets Skewed due to Exchange Trickery appeared first on NullTX.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.