ARAW - Payment for E-Commerce Ecosystem

hagz (30)in #araw • 6 years ago

E-commerce industry is growing at a rapid pace and global retail e-commerce sales are expected to reach $4.5 trillion by 2021. For most commercial businesses, cryptocurrency is becoming a preferred mode of transaction highlighted by its current cap of hundreds of billions and expected to rise to trillions. According to research, most of the finance and banking industry is expected to move to the blockchain and hence adoption rate of blockchain across all industries will increase in the coming years. By Introducing the ARAW Token, the heart of the decentralised payment ecosystem powered by the Ethereum Blockchain, we are aiming to increase blockchain adoption for regular people across the world. We are the first company in the world whose mission is to combine the benefits of the E-Commerce and Payment industries; provide end-to-end solutions for E-Commerce Marketplace, Touch & Pay Cryptocurrency Card, Online Cryptocurrency Payment, and Unified Reward System on the Ethereum Blockchain powered by the ARAW token. The goal of the ARAW token is to be a part of everyone’s day-to-day online & in-store shopping without needing them to change their shopping behavior or understand the underlying complexity of the Blockchain technology.

ARAW

The ARAW token and its unique infrastructure offers e-commerce and service-providing companies to standardise reward programmes as well as expose the regular people to the cryptocurrency economy. Our solution is completely transparent and strives to make cryptocurrency accessible to the regular people. From the customer perspective, there will be no habitual change - for example, one of our offerings include the Araw Touch & Pay card to be used in tandem with everyday micropayments.

The main goal of the ARAW token is to build the Decentralised Payment Ecosystem for E-Commerce to increase the Blockchain adoption for regular people across the world. The ARAW token ecosystem offers unified reward system which any service-providing entities can partake in. This allows virtually any company to further incentive consumption of their service as they provide real value via token distribution and expand their previously limited market of loyalty-reward consumers to the next level.

ARAW WORK

The ARAW platform will integrate e-commerce business and a decentralized payment method that will be created on top of the Ethereum blockchain. This will enable merchants and consumers to exchange tokens among them via smart contracts that will, unlike most smart contracts, allow cashbacks.

The ecosystem will be created by many different products, some of which will be explained later on this article. They are Aray Pay online payments, the e-commerce marketplace, the Araw Card Touch & Pay, the open API platform, the banking system, Araw Mobile Wallet, the crypto exchange and the Ethereum blockchain.

ARAW Pay

The main way to access the ARAW ecosystem will be via the ARAW Pay option, which will be a widget that will allow the site to accept payments consisting of ARAW tokens. By installing this app, you will be apple to connect with the API of the company and receive the ARAW tokens directly into your wallet.

Because of this, ARAW Pay will be the most important piece of the e-commerce marketplace that the company intends to create and support.

ARAW Card

With the ARAW Card, you will be able to use the ARAW tokens to make purchases even outside of the internet, making micropayments at places like malls, supermarkets and coffee shops. The cards will be linked to your ARAW Mobile Wallet, an app that you can download on your phone. All that you have to do is to charge your wallet with tokens and you will be able to use them freely.