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Graft has launched CryptoFind, an app that lets its users find out if there are nearby venues who use cryptocurrencies 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 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 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 implemented cryptos as a means of payment. Even though GRAFT is the creator, this will not limit the app’s usage on locations that are out of GRAFT’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 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 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:
- New clients will approach and request your services/product.
- You will do business with 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 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:
Email: [email protected]
This article is originally written and posted on https://www.ccn.com/grafts-cryptofind-app-maps-crypto-friendly-businesses/. Visit https://www.ccn.com/ today for all Crypto News and Information.