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Graft, the first global, open-sourced payment gateway blockchain network designed for Point-of-Sale, moving ahead of schedule and have launched its main net on January 16, 2018, before the start of the company’s Initial Coin Offering (ICO), which starts on January 18.
Graft is a rare ICO project with its own blockchain. The team is so dedicated to mainstreaming cryptocurrency and creating a merchant-friendly solution that they have developed a blockchain that is built around the merchants’ systems and processes, bringing together the most advanced techniques in the space and resolving the issues with the other cryptocurrencies. Soon, merchants with Graft will be able to accept crypto at the point of sale as easily as they do with cash or credit cards.
Running on its own blockchain sets the GRAFT project apart from its competitors that are based on the ERC20 tokens. As such, the Graft blockchain-based network will not be subject to the underlying Ethereum blockchain conditions such as latency and fees, putting the company in a strong position to be able to offer optimum payment services.
Since the introduction of bitcoin, blockchain technology has been said to change the financial system forever. However, nearly ten years after the launch of bitcoin, not much has changed in the traditional financial system due to the impact of blockchain. One of reasons why the adoption of blockchain-powered cryptocurrencies has not gone mainstream is that many of the existing cryptocurrencies were not designed to be effective as a transaction medium (at point of sale) relative to the existing options Read More Here