REAL-TIME PAYMENT BLOCKCHAIN

The Role of Stable Coin in GRAFT Network

Recent announcement from JP Morgan about the launch of JP Coin (albeit used internally for now) is just the latest in the wave of stable coin developments.

2019 is looking like it might just be a year of stable (tethered) coins after all, and for a good reason. If you believe, like we do, that cryptocurrencies main vectors of expansion are fiat currency augmentation or replacement and transaction optimization (in addition to existing speculative investment and asset diversification), stable / tethered coins will play a critical role in this next leap forward.

Consider a real alternative payment network like GRAFT. While merchants (and the users) are interested in switching to cryptocurrency for transactions, one of their biggest concerns for the merchant is the fluctuations that go along with the volatile nature of the cryptocurrencies.

Merchant wants to receive the value for the product they have sold without taking a extra gamble on whether they get more or less money than they are owed based on the underlying wild currency fluctuations. That type of guarantee can be accomplished one of two ways – either every transaction immediately gets converted into fiat, or.. ,the transactions get converted into an interim “stable” coin that holds its value, and at the end of the day, all the transactions get tallied up by the merchant service provider and are settled into the merchant’s fiat bank account. It is this latter model that the merchants and MSP’s are used to today, and the one that requires the least amount of change for everyone involved.

To enable this latter model of merchant service provider holding the merchant funds in stable coin currency (preferably in a multisign merchant specific wallet), GRAFT will first be partnering up with a stable coin underwriter to make it available as part of the Payout broker, and later will be opening it up to a choice of stable coins*. The stable coin / payout token concept has long been an important part of GRAFT’s vision and it’s encouraging to see many different entities step up to the plate to offer such product – the timing is perfect!

* We are currently collecting interest from the stable coin providers and the first stable coin implementation will be auctioned off to the highest reputable bidder

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 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.