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  • All Things Graft - How Graft Is Like Visa/MC/Amex

    1,419 views 10 months ago
    Graft is a global, open-sourced, blockchain-based, decentralized payment gateway and processing platform that anyone can use.

    In this video give I try to explain how the Graft payment platform is being developed to work very similarly to traditional payment platforms and why such development is Graft’s greatest advantage over any other cryptocurrency payment solution. In order for Graft to become the first global decentralized payment blockchain solution it will adopt payment processing protocols and flows similar to more traditional electronic payment systems. This adoption is important because it will allow consumers and merchants to easily begin using cryptocurrencies for payments in a way they are most familiar with. One of the first characteristics that makes Graft similar to traditional payment platforms is it's ability to split payments into authorization and settlement. This is something that is done by all traditional payment platforms and is something that is important for Graft to adopt. Another characteristic is that Graft charges fees to the merchant and not the buyer, which is completely opposite to the way current blockchain systems works. If we want consumers and merchants to adopt cryptocurrencies as a payment option then they need to be able to transact in the same way they are used to. Another characteristic is that Graft is being developed to integrate easily with current point of sale systems. This will allow merchants to easily accept cryptocurrency payments through existing point of sale terminals making cryptocurrency adoption a lot easier. Merchants will also have access to Graft's decentralized API allow them to easily access with any 3rd party point of sale terminal in order to process cryptocurrency payments. Another characteristic is that Graft will allow for the processing of payments with a variety of different transaction types. This is something that is very important in order for businesses to begin using cryptocurrencies as this will allow them to use cryptocurrencies for payments in a way they are used to. Another characteristic is that Graft will also offer decentralized crowd funded credit cards as well cold storage cryptocurrency debit cards. This will help people that are not familiar with the world of cryptocurrencies to still continue to use payment cards to make payments while still being able to upgrade to the world of cryptocurrencies. The final characteristic is that Graft allows for instant currency exchanges within it's network. Graft will all buyers to pay with whatever cryptocurrency they prefer while also allowing merchants to accept their preferred currency, whether it'd be Graft, another cryptocurrency or their local fiat currency. Graft is being developed by payment industry professional that understand the industry and know exactly what technologies to combine in order for Graft to gain worldwide adoption.

    Disclaimer: I am not a legal, financial, or investment professional. This video is for educational purposes ONLY and SHOULD NOT be used for or interpreted as legal or financial advice. Please do your own research prior to making any legal or financial decisions and always remember to comply with all laws at all times. Show less
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