![ok.jpg](https://cdn.steemitimages.com/DQmdZe92NUbhRHWCMMH5m2fpLrZWhtjEwRCZBt5169sMjkG/ok.jpg) ## Background **_– Cryptocurrencies, the blockchain-based tokens/currencies have been gaining ground globally over the years._** **_– Big and small investors see it as a fertile ground for profit making and, therefore, trade the tokens only for profit sake._** **_– But beyond the scope of online trading of cryptocurrencies, it is expected of it to gain a strong place in the day to day business activities, where it will, like other currencies, be accepted, not just by the investment speculators who buy solely to make profit but by business men and women as a traditional means of paying for goods and services in the market, school, hospital, etc._** >_"If you care about liberty, the nonaggression principle, or economic freedom in general you should do everything you can to use Bitcoin as often as possible in your daily life.”_ >**Roger Ver aka “Bitcoin Jesus” Voluntaryist** --- It's important to point out that a few business owners have started accepting payments in cryptos. Unfortunately, they are too few to make the needed impact. A lot more is needed for cryptos to have their deserved place in the traditional exchange of goods and services. Obviously, this feat would have been achieved if there were no stumbling blocks that notably hampered its wider acceptance. Some of these stumbling blocks include: delay in payment confirmation, high transaction fees, lack of customer support and low scalability. People will always prefer hassle-free transaction methods over another that will gnaw away at their time. This is certainly why focus seems to be drifting away from the use of cryptos in payment of goods and services. To properly integrate cryptocurrencies into the traditional business activities, it must be made to evolve into a reliable, fast and effective payment method. Hapily, [Graft](https://www.graft.network/) has successfully provided solutions to all these challenges. --- ![banner1021x580.png](https://cdn.steemitimages.com/DQmQDjxfgc35cE6ZCpgN7LjyjPkJmz4LkfYaok7kUMkvJUj/banner1021x580.png) --- ## Getting to Know Graft . [GRAFT](https://www.graft.network/) is a retail-oriented decentralized payment system, developed to fully integrate the use of cryptocurrencies into the traditional point of sale payment of goods and services. It is aimed to promote the usability of cryptocurrencies by further advancing its acceptance and full adoption into the day to day business transactions. This means that, as an alternative to the usual currency notes, people can now enjoy the convenience of buying items from roadside stores, or anywhere, and making payment from their cryptocurrency wallets. Graft has made it possible through the development of payment processing protocols that will function just like traditional electronic payment systems – credit, debit and prepaid cards.

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Having finished its ICO, Graft has a fully functional MainNet that can adequately carry out any scale of transaction seamlessly. The mobile wallet is ready for iOS as well as Android. So in the absence of POS Machines, merchants and customers can effectively carry out any scale of business transaction, using the Graft mobile app. ![storebutton2.png](https://cdn.steemitimages.com/DQmZiUiqJ2g8xD2ZoG4ZTcaq7oc3GfNgFqM8Tfdepzoms7L/storebutton2.png) ![storebutton1.png](https://cdn.steemitimages.com/DQmeda3Ytc2CJCggK49wLiBwHf7AbMC2Xz8XH9uHczALw4s/storebutton1.png) ## Fees The fees are quite negligible compared to what credit companies normally charge. The table below explains Graft's charges in comparison to what an average credit company out there charges: SB | Customer | Merchant --- | --- | --- Graft Charge Rate | 0% | 0.5% (RTA basic) Average Credit Company | 2 – 3% | 2 – 3% ###### This technology is efficiently developed to address the challenges that have plagued cryptocurrencies for a long time, some of which are mentioned below: --- ## Improved Real Time Authorization (RTA) In order to boost end users' confidence, the use of cryptocurrencies in payment of goods and services ought to be as close to instant as the use of physical cash. The delay in confirmation of payments by Bitcoin and other blockchains has always been seen as a sheer turn-off by both merchants and costumers. Graft is currently refining a system that will fix this problem and make payments and confirmations as quick as anybody can admire. This will enable merchants accept payments in any token of their choice without the usual delay. ## The Lack of Cryptocurrency Acceptance for Traditional Purchases .

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Despite the fact that the existing blockchains have tried to improve on their payment confirmation time, they are still significantly held down by slow settlement system. This is one of the many factors, preventing the use of cryptocurrencies for mainstream business transactions ***

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This delay in confirmation of payments has necessitated the intervention of intermediaries. This diagram illustrates the effectiveness of intermediary in speeding up payment confirmation of cryptocurrencies at the retail units. This and other related challenges are what Graft is built to address by creating a platform that will make cryptographic payments widely accepted by mainstream customers and merchants while retaining some basic fundamental principles of cryptocurrencies and cryptographic tokens. *** ## The Changes Graft Will Bring to Payment Processing Industry Graft is introducing new features to the existing payment systems. Unlike other systems, used by Bitcoin, credit card, etc, payment requests ate initiated by the recipients/merchants and confirmed by the payee/buyer (there are few exceptions though). This is the exact opposite of what others, like credit and debit cards are doing in this regard. In order to further make things easier for both merchants and customers, Graft payment system is developed to also process various convertible cryptocurrencies, cryptographic tokens or local fiat currencies so that if a buyer decides to make payment with an alternative cryptocurrency, credit or debit cards, the Graft payment system will automatically exchange the available token for the desired currency through the use of service brokers. This will remove the restrictions associated with accepting certain tokens for fear of low scalability or any other reason. *** ## GETTING CLOSER TO GRAFT #### Graft CryptoFinder App .

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This app enables users to find places where cryptocurrencies are acceptable for the exchange of goods and services. It creates a provision for merchants to update their status as often as they want. https://www.youtube.com/watch?v=wsY-P6RtcAc ![storebutton1.png](https://cdn.steemitimages.com/DQmeda3Ytc2CJCggK49wLiBwHf7AbMC2Xz8XH9uHczALw4s/storebutton1.png) ![storebutton2.png](https://cdn.steemitimages.com/DQmZiUiqJ2g8xD2ZoG4ZTcaq7oc3GfNgFqM8Tfdepzoms7L/storebutton2.png) *** ### _GRAFT Terminal_ .

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These days, almost every traditional store uses terminal to execute payments of goods and services via debit, credit cards etc... Graft has successfully built a system that will integrate cryptocurrency transactions into the existing method which majority of the people are already accustomed with. So far, Graft has completed the integration of both Verifone and Ingenico payment terminals and it is easy and free. What this means is that store owners can easily install a free application onto their terminals and start accepting cryptos for payment. https://www.youtube.com/watch?v=mA15TnbvnKY _**Verifone Terminal Integration**_ https://www.youtube.com/watch?v=120IwZbPlnI **_Ingenico Terminal Integration_** *** ### _For more information about Graft, do visit any of the subsequent channels_ https://m.youtube.com/watch?v=4YbyLq60ZfI https://youtu.be/hdacgxgFX14 - [Graft website](https://www.graft.network/) - [Graft WhitePaper](https://www.graft.network/wp-content/uploads/2018/05/Graft_White_Paper_2.01_May_2018.pdf) - [Graft Twitter](https://mobile.twitter.com/graftnetwork) - [Graft BtcTalk](https://bitcointalk.org/index.php?topic=2115188) - [Graft Facebook](https://m.facebook.com/login.php?next=https%3A%2F%2Fm.facebook.com%2Fgraftnetwork%2F&refsrc=https%3A%2F%2Fm.facebook.com%2Fgraftnetwork%2F&_rdr) - [Graft Refit](https://www.reddit.com/r/Graft/) - [Graft YouTube](https://m.youtube.com/channel/UCV-5A5mbnu64pPRUm1r_-5A) - [Graft medium](https://medium.com/@graftnetwork) *** This is my entry to [Graft's Writing Contest](https://steemit.com/crypto/@originalworks/680-steem-sponsored-writing-contest-graft) as hosted by @originalworks Link to my tweet: https://twitter.com/2ruink/status/1019343286023139328 graft2018