Sơn Tùng MTP : ARAW Token : The Decentralised Payment For E-Commerce Ecosystem

Today’s 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. As cryptocurrencies are slowly becoming more and more popular and prominent in today’s economy and society, it is clear that there need to be more cryptocurrency payment gateways for businesses and marketplaces. The e-commerce industry needs a complete, end-to-end solution that would enable customers to have a fully interconnected experience, with a currency tied to an online marketplace in order to spend, save, transfer and receive funds in a seamless and easy way. This said currency could be used in physical stores or online and would allow customers to actively engage and participate in the ecosystem in multiple different ways. This is where the ARAW Token Ecosystem and Araw Pay come in.

The mission of the Araw platform is to create a comprehensive solution for the E-Commerce Market, Online Cryptocurrency Payments, Touch & Pay Cryptocurrency Cards, and Integrated Gift Systems that offer benefits to consumers and buyers in E-Commerce.

To increase the number of users, the Araw ecosystem is built with transparent, effective and scalable values, but still simple. Here traders and consumers can interact in a way that is reliable, mutually beneficial, and untrustworthy.

What is Araw?

ARAW is an ecosystem with decentralized payment, based on Ethereum Blockchain, which seeks to increase the implementation of blockchain in everyday life around the world. ARAW IS the first company in the world to combine the benefits of e-Commerce and payments industries; to provide end-product solutions for e-Commerce, Cryptocurrency Touch & Pay cards, online cryptocurrency payment and unified reward system on Ethereum Blockchain based on the ARAW token. The purpose of the ARAW token is to be a part of everyday online shopping.

Araw platform eliminates the fundamental problems in the economy of e-Commerce and cryptocurrency. The ARAW token acts as more than a simple reward - as it is used and redeemed for all members of the ARAW ecosystem. In addition, owners ARAW may convert their tokens into fiat currency using the mobile wallet ARAW and return cash back to your Bank account.

How Does The Company Works?

By Introducing the ARAW Token, the heart of the decentralized payment ecosystem powered by the Ethereum Blockchain, the company is aiming to increase blockchain adoption for regular people across the world. ARAW Token is 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.

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 in 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.

The Araw Token Ecosystem

Araw Pay is going to be an open widget to get payments in the form of Araw tokens and any merchant who is online, no matter the location, can use them just like every other payment gateway provider. They seek to ensure flawless Araw pay solutions in an Open API Platform, Araw e-commerce market and Araw web & mobile wallet.

E-Commerce Marketplace: Because of their dispersed ledger system, all items that are on sale gather from all sorts of parts on Earth in the marketplace. Sellers and buyers from various parts of the globe meet together in a peer-to-peer surrounding for transactions. Thus, platform users can have admission to the whole list of every offer that is on the table on the Araw marketplace. With the assistance of the Araw team and platform, every shop owner is entirely free to create an enterprise ranked e-commerce platform, or they can execute a single sale.

Araw Card – Touch & Pay: The target of the Araw Card is to make sure that customers can take micropayments from supermarkets, coffee shops or in daily online shopping. The Araw Card consists of (RFID)- Radio Frequency Identification that serves to interact with a card reader to authorize payments with the absence of contact.

Open API Platform: With Open API Platform on Araw Token, users don’t have to be familiar with any programming code or language to be able to make use of the system, and it is explicitly made to utilize out of the box.

Banking System Integration: With the immaculate banking system implemented in the Araw Platform, customers are going to have the possibility to purchase Araw Tokens by using connected bank accounts. Also, customers will be able to swap Araw Tokens with fiat and to assign cashback to related balance sheets.

Araw Mobile Wallet: With the faultless incorporation of Araw Mobile Wallet with cryptocurrency exchanges and banking the users on the Araw Platform could to the following. They could Top-Up Araw Tokens with a simple button click. Also, there is a chance to send and receive Araw Tokens.Swap Araw Tokens with any of the cryptocurrencies.

Cryptocurrencies Exchange Integration : Incorporation of Araw Platform with cryptocurrency exchanges gives the opportunity for users to exchange any other cryptocurrency like Bitcoin or Ethereum with Araw Tokens.

Ethereum Blockchain- Proof of Delivery and Service : The Araw Token E-marketplace leverages smart contracts to create the process of swapping goods with the Araw Token secure, quick and add trust.

Peer-To-Peer Transfer : The Araw Platform allows peer-to-peer transactions to offer users a possibility to take part in the direct exchange of services and goods.

Unified Reward System : The Araw Team targets to replace the primary limiting reward points system used by regular commerce companies with dynamic currency influenced with blockchain that enlarges interaction and participation among services and customers.