GRT is a decentralized digital asset and payment system based on blockchain technology. It was created in 2021 as a more secure, transparent, and efficient way to make payments online. GRT is the native token of the GRT network and enables users to send value quickly and securely around the world without having to rely on traditional financial institutions or middlemen.
GRT’s main purpose is to facilitate fast, low-cost payments between individuals, businesses, or organizations who may not have access to traditional banking services. This can be especially helpful for those who are located in remote areas or have limited access to bank accounts. The GRT network also provides additional security measures such as smart contracts that ensure transactions remain private while still being recorded on an immutable public ledger (the blockchain).
The primary benefit of using GRT over other cryptocurrencies like Bitcoin is its speed; transactions take just seconds compared with minutes for Bitcoin transactions. Furthermore, since it does not require any third-party intermediaries (such as banks), transaction fees are much lower than those associated with fiat currencies like US dollars or Euros. Additionally, because all transactions are stored permanently on the blockchain they can never be reversed making them extremely secure from fraudsters looking to exploit weaknesses in traditional payment systems.
To use the GRT network you will need a wallet which stores your tokens securely so that you can easily manage your funds and send/receive payments instantly across multiple platforms within seconds at any time of day regardless of location – perfect for international transfers! You will also need some form of cryptocurrency such as Ethereum or Bitcoin in order to purchase your initial amount of GRTs before you begin using it for payments online.