Is there any compare between PundiX and Graft?
I have asked here a few times but not had an answer from what I recall. I wonder how far they are away from Pundi X in terms of execution?
Centralized.
Requires merchants to buy their special POS terminals.
Requires merchants to buy PXS/NPXS tokens for fees.
White paper does not mention what the fees are for merchants (which means that they are most likely as high or higher than Visa, Mastercard, etc fees).
Requires users/customers to pay crypto transaction fees as well.
Collects "credit rating data" on all users to use (sell?) as the Pundi X company wishes.
Merchants have no incentive to adopt this. It will likely cost them more than just accepting traditional credit card purchases. They will also need to have a regular POS terminal
and a Pundi X POS terminal in their store. This system will only appeal to merchants who are crypto enthusiasts or who are willing to spend the extra money to attract crypto enthusiasts to their stores.
GRAFT:Decentralized.
Open-source.
Integrates with existing POS terminals.
Merchants dont need to buy anything.
The merchant pays a minuscule fee in comparison to Visa and other options, and the fee is in the whitepaper for all to see.
Users/customers do not pay a transaction fee.
Private blockchain and no data collection.
Merchants have an incentive to use GRAFT. They will save a lot of money on fees and they will also attract users who prefer to use crypto. Merchants wont need to buy an extra terminal. Their existing terminal can still be used for regular credit/debit cards
and crypto.
Adoption Potential:Pundi X plans to have 100,000 of their POS terminals deployed in the next 3 years.
GRAFT software is already certified by Verifone for use in their terminals. Verifone has over 26 million terminals across 150 countries. When GRAFT POS capability is ready in the next month or two (via supernodes) then GRAFT will already be deployable in millions of terminals worldwide. Thats just the start. Ingenico terminals are up next for certification. Ingenico has 30 million terminals across 170 countries.
