Graft Network – GRF ICO Crypto & Fiat Payment Blockchain Processor?

Graft Network is a blockchain-based payment platform designed for anyone to use. Find out everything you need to know about the network today in our review.

What is Graft Network?

Graft Network is a unified decentralized payment processing network being developed as an open source project. You can preview the Graft testnet online today. It’s a working payment gateway and processing platform available for anyone to use.

Any merchant or buyer can use Graft in a decentralized and inexpensive way. Meanwhile, any developer can participate with Graft by maintaining the Graft blockchain and by implementing network services.

The Graft Network payment platform is built on top of Monero’s blockchain (CryptoNote). The payment platform is built to work with existing credit card infrastructure – including credit card workflows – while also accepting multiple cryptocurrencies, fiat currencies, and credit card payments.

Key products in the Graft ecosystem include a POS machine that can accept both fiat and cryptocurrencies, as well as a multi-currency digital wallet for consumers.

How Does Graft Network Work?

Graft uses payment processing protocols and flows similar to traditional electronic payment systems – like credit, debit, and prepaid cards.

Graft chose an electronic payment system like this on purpose. The developers wanted to create a system that was already familiar and trusted by users and merchants around the world, thus spurring the adoption of Graft as a mainstream platform.

Today, many merchants struggle to implement cryptocurrency payments because the accounting system is totally different than their current payment methods – like credit cards or PayPal. Graft aims to solve that problem by combining blockchain technology with traditional electronic payment infrastructure.

Graft Network Features

Graft’s network offers all of the following features:

Open Source: Anyone can contribute to the Graft network, and the project is available open source online for anyone to view or build upon.

Decentralized Processing: Graft has no central authority. There are no upfront contracts required. All payment methods, including credit cards, are processed by the network.

Universal Solution: Graft accepts both cryptocurrencies and credit cards. Merchant payouts can be completed in cryptocurrencies or local fiat currencies.

Small Transaction Fees: Like most blockchain-based payment platforms, Graft emphasizes small transaction fees, and claims that its “flexible transaction fee structure makes crypto micropayments possible.”

Instant Authorization: Bitcoin takes 10 to 60 minutes to confirm a transaction, while Graft takes seconds.

Credit Card Workflows: Graft’s workflows mean that it can be compatible with current systems and processes – like the infrastructure we already have in place to manage credit card transactions. Graft promises to offer a flexible API and SDK.

Absolute Privacy: Graft is untraceable, unlinkable, and fungible.

Trust and Compliance: Graft has a reputation score system and an ID and claim verification system.

Convenience for Buyers: Buyers enjoy features like multi-currency support, cross-system wallets, and credit card acceptance.

Merchant Tokens: Merchants can use tokens to enable loyalty rewards, promotions, and other brand-building activities.

Blockchain Design: Graft uses Monero’s blockchain (CryptoNote) to leverage both proof-of-work and proof-of-stake techniques.

Free Transfers: Users authenticated by zero knowledge proof can move funds between wallets without a transaction fee.

Benefits of Graft Network

Graft aims to entice users and merchants to join the platform with features like:

All Payment Technologies Combined Together:

Many merchants are unable to accept cryptocurrencies without a third-party payment processor due to the unique way in which blockchain networks process transactions. It’s totally different from traditional electronic payment methods like credit cards or PayPal. The overall concept of plastic credit cards may be outdated, but the existing infrastructure is still in place. Graft aims to be compatible with that infrastructure, spurring adoption across merchants.

Accept Cryptocurrencies and Credit Cards:

Graft aims to provide the best possible user experience for buyers and better conversion rates to merchants. Automatic instant conversions help merchants avoid the volatility of cryptocurrencies. Meanwhile, everyone enjoys benefits like better security, privacy, and full transaction anonymity.

Merchant Payouts in Cryptocurrencies or Local Fiat Currencies:

Merchants can choose to receive payment in cryptocurrencies or in fiat currencies. Merchants don’t need to integrate multiple payment software providers, while users don’t need to sign up for centralized services or maintain different currency wallets.

Credit and Loyalty Card Features:

Graft allows the creation of loyalty programs and merchant-issued tokens, including low-interest credit based on peer-to-peer lending as well as rewards programs.

Graft Products

Graft provides all of the above benefits through its three core products, including:

Mobile Point of Sale System and Open DAPI: This system accepts credit cards and major cryptocurrencies with instant confirmations online an in-store, with payouts available in local fiat currency.

Multi-Currency Mobile Wallet: Customers use a multi-currency mobile wallet, where they enjoy zero-fee payments, free transfers between wallets, and instant exchanges.

Crypto Credit Card: Graft’s credit card lets you pay anywhere with major cryptocurrencies.

Who’s Behind Graft?

Graft is led by Slava Gomzin, Dan Itkis, Vitalius P, and Brad Gleeson. Gomzin has 15+ years of experience in the payment industry with NCR and HP. Itkis is a serial entrepreneur who has built and brought to market over half a dozen products, including IDAM, CRMs, MDM, and VoIP. Vitalius is a machine learning, image recognition, and blockchain algorithm expert, while Gleeson is a serial entrepreneur.

The company is a non-profit organization founded in 2017.

Graft Token Sale

Graft is going through a pre-sale throughout September and October, 2017. You can participate in the token sale using BTC, ETH, XEM, and XMR.

Graft is selling Graft coins, or GRF, which are described as the “fuel” of the Graft platform. GRF are cryptographic tokens that allow purchasers to transact and operate services on the Graft platform.

There’s a total supply of 18,446,744 GRF tokens. Graft uses a combined PoW/PoS algorithm.

During the ICO, 1 GRF will be priced at about 0.04 ETH. We don’t yet have a date for the token sale.

Graft Network Conclusion

Graft is a payment gateway that aims to allow merchants to accept fiat and cryptocurrencies with a higher level of convenience. Merchants can accept fiat and cryptocurrencies through a single POS system available online or offline. That POS system allows for instant transfers into fiat currencies. It also works with existing credit card accounting systems – which means merchants don’t need to completely overhaul their reporting system to start accepting cryptocurrencies.

To learn more about Graft and how it plans to revolutionize payment gateways, visit the company online today at

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