There are certain rumors about bankrupcy of Verifone and Graft abandoning the project since it is their biggest partner. I have seen question about bankrupcy on reddit and couple of more places, most of them were deleted / hidden. Interesting, 12 hours ago big dump started, like a million GRAFT was sold for basically nothing.
To clear things up, there are no rumors of Verifone going bankrupt. Earlier in the year, there were concerns about their net losses/ debt, however, in April it was announced that a private equity firm(Francisco Partners ) would acquire Veirfione for a total of 3.4 billion including debt. So the risk of them going bankrupt anytime soon is close to ZERO.
https://www.cnbc.com/2018/04/09/verifone-acquisition-announced-shares-surge.htmlThere are some comments on Reddit about a Verifone bankruptcy, these are clearly from someone who has no idea what they're talking about and was also unaware of the recent acquisition. It's a bit of a joke when you examine some of the posts- One of them even suggested that a struggling Verifone must be thankful for the Graft partnership like Graft was going to save them! Posts on Reddit were probably moderated for good reason, because, they were total nonsense.
I would not describe 1 million graft being sold as a "big dump" when the mining emission per day is close to 1 million and the circulating supply over 300 million. I don't see how it's interesting either when the rumor of Verifone bankruptcy turned out to false( Verifone was acquired by a private equity firm) and it was also a rumor that was started many months ago. Someone was just clutching at straws trying to justify a recent short-term price movement, bringing the rumor back up, unaware of the acquisition. People always try and rationalize short-term price movements, when often there is no rationale behind them. People are irrational by nature and buy/sell for their own personal reasons.
It should also be noted that Verifone is not Graft's only option. There are various integration options like Incognito( which Graft is currently working on) and Poynt. There is also a whole industry built around merchant payment solutions, so there are multi avenues to pursue here. Even a private developer could decide to integrate the Graft POS app into generic Andriod based hardware terminals and sell them as a simple turnkey solution with similar functionality to the likes of Pundix- Anyone in the community could do this. Remember that the Graft POS app with RTA will function on most Android devices- Using a traditional POS terminal( eg a Verifone terminal) is not a requirement, it's just an option.
Example of a generic android POS terminal:
https://www.aliexpress.com/item/ZKC-PC901-Android-pos-terminal-with-free-SDK-support-3G-WIFI-Bluetooth-NFC-and-RFID-reader/32860910446.html?spm=2114.search0104.3.144.75cc2f22roW4Kp&ws_ab_test=searchweb0_0,searchweb201602_3_10152_10151_10065_10344_10068_5722815_10342_10547_10343_10340_5722915_10548_10341_5722615_10696_10084_10083_10618_10307_5722715_10059_306_100031_10103_10624_10623_10622_5722515_10621_10620,searchweb201603_6,ppcSwitch_5&algo_expid=c200a489-0c17-4912-bba1-4ce1a41ed0e9-23&algo_pvid=c200a489-0c17-4912-bba1-4ce1a41ed0e9&priceBeautifyAB=0