The Graft Blockchain created a new app- CryptoFind – which enables crypto –savvy buyers to locate venues that accept cryptocurrencies as a means of payment. The app is a network that connects crypto owners with merchants, which will grow on its own through the users’ contributions. This application will permit the further development of the way payments are made with digital currencies.
13th February 2018
Graft, a blockchain-based payment network that operates worldwide, was created for Point-of-Sale transactions. The network intends to rid the issues that the current cryptocurrency payment system is facing, eliminating long waiting intervals and high fees per transactions. They want to facilitate how transactions happen between merchants and buyers, making it easier for them to accept digital currencies at the point of sale.
The newly launched product, CryptoFind, will bring together on a global virtual map, all venues that accept cryptocurrencies as payment for their products or services.
Although the app is a GRAFT blockchain creation, it can record merchants from all locations, not being limited to locations that are enabled by GRAFT. CryptoFind will place on its map the businesses that use digital currencies as payment via methods such as Mobile PoS, Wallet to Wallet, and Partner Credit Card Terminals.
Graft has its own live main net, a network where all transactions take place on a distributed ledger, which was completed ahead of schedule and launched on January 16th.
The network is different than other competitors, as it runs its services on its own blockchain. This independency from the Ethereum blockchain implies that it is immune to the slow processing speed, fees and other issues that plague the network.
CryptoFind offers advantages to both its users and merchants. Rewards will be given to users that manage to convince businesses to use cryptos as payment and enlist on the app, and the merchants will expand their client base while doing so. While this will mutually aid both parties, they will also help make cryptocurrencies be more accepted by the general public as a mean of payment.
|Benefits for Crypto Buyers||Benefits for Merchants|
|Transactions will be executed instantly, and you can pay on the go.||They will gain new clients.|
|Buyer will not be charged with fees, even for the smallest of purchases.||They will deal with the world’s major cryptocurrencies.|
|They can use their cryptocurrency of choice, as they will have a lot of variety for digital coins.||Their business will be visible to a new market sector if they are added on the map.|
The team member supporting GRAFT had to say on their creation the following: “The launch of the CryptoFind App is a decisive step towards stability in the cryptomarket. Merchant support is key, as credit/debit card transactions now dwarf the number of crypto transactions.”
The CryptoFind app is available in the App Store.
Graft launched an ICO on January the 18th and is still continuing. 20 million GRFT tokens have been bought by the 1K crypto enthusiasts that have contributed in the token sale.
Additional information about the GRAFT Blockchain:
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.