ARAW: The Decentralized Payment For E-commerce
The ARAW platform is on a mission to provide end-to-end solutions for E-Commerce Marketplace, Touch & Pay Cryptocurrency Card, Online Cryptocurrency Payment, and Unified Reward System powered by the Ethereum Blockchain.
The E-commerce industry deals with the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. This industry is no doubt growing at a rapid pace. And for most business organizations are fast adopting the cryptocurrency as the most preferred means of making transactions while most banking industries and finance sectors are expected to move to the Blockchain. Thereby increasing the adoption rate of Blockchain technology across all industries.
There are some fundamental problems that needs to be addressed in the e-commerce and cryptocurrency economy because most companies don't find it easy to provide enticing reward schemes as they risk undervaluing their services and also the reward system in commerce at large are underutilized due to the lack of technological investments. Other problems are:
- A requirement for specialized blockchain developers
- High transaction costs which has led to reduction in token value
- Massive barrier to entry
- Little or no practical use for cryptocurrency in day-to-day activities
- Lack of reliable, international exchange which allows individual to convert token into fiat currency.
The ARAW TOKEN SOLUTION
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. There 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 there 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 TOKEN ECOSYSTEM
The ecosystem platform is scalable and effective, and it gives customers and brands can interact without restrictions in a dependable, trustless, and mutually beneficial manner which is simple over the Ethereum Blockchain.
The below and some features on the ARAW TOKEN ECOSYSTEM:
ARAW PAY
E-COMMERCE MARKETPLACE
ARAW CARD- TOUCH & PAY
OPEN API PLAFTORM
BANKING SYSTEM INTEGRATION
CRYPTOCURRENCY EXCHANGE INTEGRATION
ETHEREUM BLOCKCHAIN
PEER-TO-PEER
UNIFIED REWARD SYSTEM
ARAW MOBILE WALLET
The ARAW mobile wallet with Banking and Cryptocurrency Exchanges will enable ARAW platform users to; Send and receive Araw token, Exchange ARAW tokens with any other cryptocurrency like ETH and BTC, and other uses.
RoadMap
ARAW TOKEN
This is an utility based token specifically designed for the global E-commerce and Payment industry. The token will be released into a public ICO and any funds generated through this ICO will be used mainly for improving infrastructure, product research & development, Sales and marketing.
Note: all images from the Whitepaper
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