Graft has launched CryptoFind, an app that lets its users find out if there are nearby venues who use cryptocurrencies (cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and) as a means of payment for their services and products. The app connects crypto holders with merchants across its network, which will increase constantly due to users (may refer to: User (system), a person using a generic system User (computing), a person or software using an information system User (telecommunications), an entity using a telecommunications) actively contributing to the maps development. As a result, CryptoFind will play an important role in the overcoming the impediments that have limited the wide-spread use of cryptocurrency payments.
January 31, 2018: Graft is an open-source blockchain –based payment platform (may refer to) that is available worldwide, developed especially for point-of-sale. GRAFT is dedicated in providing an efficient remedy for the issues that plague the cryptocurrency payment system, including prolonged wait times and high fees. The platform wants to simplify the whole ordeal, so that merchants can start using cryptocurrencies as payment methods for their products or services.
Cryptofind, the app developed by the GRAFT team, will record on a single global map all the venues that have (or having may refer to: the concept of ownership any concept of possession; see Possession (disambiguation) an English “verb” used: to denote linguistic possession in a broad sense as an auxiliary) implemented cryptos (or Krypto may refer to) as a means of payment (payment is the trade of value from one party (such as a person or company) to another for goods, or services, or to fulfill a legal obligation). Even though GRAFT is the creator, this will not limit the app’s usage on locations that are out of GRAFT (or grafting (generally referring to hard work) may refer to: Graft (surgery), a surgical procedure to transplant tissue without a blood supply Graft (politics), a form of political corruption or)’s area of operation. CryptoFind will map businesses that accept cryptocurrencies via Mobile PoS, Wallet to Wallet, and Partner Credit Card Terminals.
The mapping app will be beneficial to both parties involved. The users will receive a reward if they convince a venue to accept digital currencies for their products and enlist in the app, while the merchants will attract more clients due to their exposure on the app. Both parts will not only help each other, but will (may refer to) also contribute to the acceptance of cryptos by the mainstraeam.
The platform also runs on its private blockchain, allowing it to provide optimum payment services as it does not experience latency, or high costs like other Ethereum-based networks. GRAFT managed to launch its Blockchain (blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography) on a mainnet before its set date, on January 16th.
The advantages for Crypto Buyers:
- Payments will be made on the go instantly.
- No fees will be charged for any purchases, regardless of their size.
- You can pay with your preferred cryptocurrency, as their will be many crypto coin options.
The advantages for Merchants (merchant is a person who trades in commodities produced by other people):
- New clients will approach and request your services (may refer to)/product (may refer to).
- You will do business (business (also known as an enterprise, a company, or a firm) is an organizational entity and legal entity made up of an association of people, be they natural, legal, or a mixture of both who share) with (or WITH may refer to: Carl Johannes With (1877–1923), Danish doctor and arachnologist With (character), a character in D. N. Angel With (novel), a novel by Donald Harrington With (album),) proven cryptocurrencies.
- Your business will be known by a larger sector of possible clients.
The team behind GRAFT said 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.
Their ICO began on January (is the first month of the year in the Julian and Gregorian calendars and the first month to have the length of 31 days) the 18th and buys can be made till February 18th. So far, more than 20 million GRFT have been sold, and an estimate of 1K crypto owners have participated in this sale.
You can find more information about the GRAFT Blockchain:
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