CryptoFind has been developed by GRAFT Blockchain, with the aim of discovering all nearby venues that accept cryptocurrencies as a form of payment. It is a network that links both cryptocurrencies and merchants, which is just another example of how the virtual world might be coming more mainstream.
The concept has never been done before, and all businesses that accept cryptocurrencies as a form of payment will be shown on one large global map. One of the great features about this app is that it does not just feature GRAFT-enabled locations, despite it being created by them. Instead, it maps all venues where cryptocurrency is accepted, and which methods are accepted; whether this is mobile PoS, Wallet to Wallet, or Partner Credit Card Terminals.
This is a great thing for all crypto investors, and merchants. CryptoFind also lets its users to earn rewards by encouraging businesses to accept cryptocurrencies, thus using the app, and expanding their client base all at the same time. Considering that one aim of cryptocurrencies was for it to replace mainstream currency, this takes it one step closer.
There are plenty of benefits for both the users and the merchants. The users get to experience an instant transaction, where they get to pay with crypto on the go, which is rare to find. There are absolutely no fees to the buyers, even when paying for smaller purchases. Finally, there is a huge variety of crypto choices; meaning that you can pay with your favourite cryptocurrency. The merchants in return get new loyal clients. Those who are keen to use their cryptocurrencies enjoy finding venues where this is possible and will be more likely to return. They also get additional PR, as your location is then added to the map on the app.
The GRAFT Blockchain team have said this regarding their new app;
“The launch of the CryptoFind App is a decisive step towards stability in the cryptomarket. Merchant support is key, as credit/debit card transactions now dwarf the number of crypto transactions.”
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