Graft

Decentralized Merchant Payment Processing Network

Graft is a global, open-sourced, blockchain-based, decentralized payment gateway and processing platform that anyone can use. Any buyer and merchant can use Graft in a completely decentralized and inexpensive way. Graft ecosystem is open so anyone can participate by maintaining Graft blockchain and implementing network services. Graft employs payment processing protocols and flows similar to traditional electronic payment systems such as credit, debit, and prepaid cards, which are already familiar to and trusted by millions of users and merchants around the world. This approach enables easier and faster adoption of Graft as a mainstream payment platform, while eliminating the need in centralized intermediaries (payment gateways and processors) currently required to facilitate transactions between buyers and merchants.

WHY GRAFT

All Payment Technologies Combined Together
Most merchants are unable to accept cryptocurrencies without third-party payment processor due to uniqueness of the way blockchain networks process transactions, which is conceptually different from traditional electronic payment methods such as payment cards or Paypal. Although the overall concept of plastic card payments may have been outdated, there are technologies developed around them that accumulated enormous amount of merchant experience and user trust which cannot be abandoned overnight.

Accept Cryptocurrencies and Credit Cards
In order to provide the best user experience for buyers and better conversion rates to merchants, Graft payment transaction can take various convertible cryptocurrencies or local fiat currencies in a form of credit/debit card as an input. Automatic instant conversion will help adopt Graft payments by mainstream users who are not familiar enough with cryptocurrency ecosystem and still feel more comfortable with traditional method of payment, but seek better security, privacy, and full anonymity of their transactions.

Merchant Payouts in Cryptocurrencies or Local Fiat Currency
Graft will support Bitcoin and several major cryptocurrencies as both additional choice for buyers and acceptable method of payout for merchants. These features will eliminate the need for merchant to integrate with multiple (centralized) payment software providers, and for user to sign up for centralized services and learn and maintain multiple wallet apps. Merchant can decide to receive their proceeds from transactions in other cryptocurrency such as Bitcoin or local fiat currency. In this case, the output of the transaction will be processed by service broker, as part of the same transaction, or later, depending on merchant settings. This ensures that the sale will pay the merchant the exact local currency price.

GRAFT HIGHLIGHTS

Decentralized Processing
No central authority. No upfront contracts. All payment methods including credit cards are processed by the network.

Universal Solution
Accepting both cryptocurrencies and credit cards. Merchant payouts in both cryptocurrencies and local fiat currencies.

Tiny Transaction Fees
Flexible transaction fee structure makes crypto micropayments possible.

Instant Authorizations
Bitcoin takes 10–60 minutes to confirm a transaction. Graft takes seconds.

Familiar to Merchants
Credit card style transaction flows.

Complete Privacy
Secure, private, untraceable currency, based on CryptoNote

Trust and Compliance
ID and claim verification on demand. Reputation score system

Fast Integration
Compatible with current credit card workflows. Flexible API and SDK

Convenience for Buyers
Multi-currency, cross system wallets. And credit cards accepted too!

Read Graft White Paper to learn more.