REAL-TIME PAYMENT BLOCKCHAIN

How are decentralized credit card payments possible given the amount of regulations and technical limitations?

Traditional credit and debit cards are accepted by service brokers which are hosted by Graft supernodes as network “plugins”. The supernode network is fully decentralized organization. The service broker, including credit card acceptance broker, is a distributed gateway which has an owner who complies with all necessary regulations. In addition to default “reference” implementation of credit card acceptance broker created and maintained by Graft Foundation, there will be multiple third party implementations that offer similar competitive services. Thus, technically, a single credit card acceptance broker is not fully decentralized service but it is running on decentralized, distributed, and diverse service platform.  In addition to traditional credit and debit cards, Graft is designing and implementing its own crowdfunded credit card eco-system which will be fully decentralized.

About GRAFT Project

GRAFT is a blockchain based payment processing network the functions similarly to a credit card processing network with off-chain authorizations and in-network atomic swap based interchanges. The network is completely decentralized, able to work cross borders and adapting to local regulatory environment. In addition to decentralization, GRAFT solves four biggest problems that exist in cryptocurrency at a point-of-sale today – privacy, speed, fees, and integration. Technically, GRAFT Network is a two layer (proof-of-work and proof-of-stake) blockchain with proof-of-stake based authorizations and economically incentivized participation with opportunities for mining, authorizations, in-network exchanges, gateway hosting, merchant services, etc.

GRAFT is open-platform, open-source, community-driven project.
Opportunities are available to invest in GRAFT project with additional funds going towards marketing, liquidity (exchanges), additional dev resources, and new initiatives. If you are a qualified (accredited) investor who’s interested, please contact us at invest@graft.network and we will work to match you up with an appropriate investment option.

And of course we will never say no to project donations, providing you with lots of karma points (and an honorable mention on GRAFT site). To donate please send an email to info@graft.network and we will generate a unique donation address for you.