Araw is a payment solution to pay for everyday purchases using cryptocurrency
We live in an interesting era of the digital economy. In the wake of new technologies, a huge number of cryptocurrency exchanges and exchange sites appeared, where people can buy or sell digital assets. Most do it without any basic idea, just trying to be in trend, and, sometimes, they don’t even know how it works. Of course, cryptocurrencies are gradually entering our daily lives, covering, first of all, such areas as retail and electronic commerce. And the real advantages that cryptocurrency provides are the reward system of not only sellers, but also buyers.
The goal of the Araw project is to create a single ecosystem in which customers can receive regular rewards for their daily purchases without changing their preferences. The system will be simple and clear for each user and will not require deep knowledge in the field of blockchain technologies and cryptocurrencies. The cryptocurrency market, as we know, is characterized by extreme volatility. Therefore, Araw developers have created an ecosystem in which, regardless of the current market situation, both sellers and buyers benefit. The Araw project aims to create a single ecosystem in which buyers can receive regular rewards for their daily purchases without changing their preferences. The system will be simple and clear for each user and will not require deep knowledge in the field of blockchain technologies and cryptocurrencies. The cryptocurrency market, as we know, is characterized by extreme volatility. Therefore, Araw developers have created an ecosystem in which, regardless of the current market situation, both sellers and buyers benefit.
Project description and idea of creation
The Araw platform operates on the ethereum blockchain base and uses smart contracts in its work. This allows you to implement a reward system for all users of the platform, helps to increase customer loyalty, and also creates value for the participating ecosystem stores. The development team is confident that their decision will contribute to the transformation of the entire financial world for the better. To do this, they create an Araw platform that transforms the retail and e-commerce sector, rewarding customers for their time and money spent on shopping.Often, when it comes to buying the necessary household items, people want to find great deals, discounts or bonuses. Sometimes several people can combine their purchases in one check to get a good discount. Sellers also do not stand still and come up with a large number of different bonus programs. But not all of these programs have marketing success and can meet the growing needs of customers, since many of them are difficult and time consuming. The pricing force is gradually shifting from the buyers towards the sellers. That is why the Araw token is intended to change the experience of traditional e-commerce purchases by creating an alternative and more profitable approach. All participants in the Araw ecosystem: token holders, sellers and buyers receive various rewards, thereby ensuring a stable and stable model of the system functioning and high attractiveness for the platform customers. The Araw Ecosystem is implemented in such a way that any buyer receives a reward for purchases made or for participation in the referral program.
In addition, thanks to a convenient and easy-to-use mobile application, Araw tokens can be quickly and freely transferred between users. Paying for sellers with Araw tokens, buyers receive cashback from each purchase. The cryptocurrency payment system is no different from our usual purchases, there is no need to understand the blockchain technology and change their daily habits. The platform has built-in artificial intelligence that collects data on customer preferences and requirements. This data is used so that sellers can offer their customers the best and most profitable offers. Also, small entrepreneurs who will be able to get a stream of new customers will benefit from the use of an artificial intelligence system.
Receiving a detailed analysis of the preferences of potential customers, sellers will be able to adapt their activities to the interests of customers, thereby increasing conversion in the store and increasing sales. The development team plans to launch the platform on a global scale and make the Araw token a universal payment instrument anywhere in the world. Users will be able to buy a new book in their favorite bookstore, and then go to a nearby cafe and pay for coffee with bonus tokens.
A more detailed description of the project can be found in the whitepaper project at https://arawtoken.io/assets/araw_whitepaper.pdf?v1.7
Araw Pay service: decentralized payment gateway for cryptocurrency transactions
Today, most companies and entrepreneurs have online stores where customers can shop, follow their favorite brand lines and repost their favorite products on the social network. All these online stores have one goal: to increase sales and generate profits. In addition, they all share one common element: all of these trading platforms need a payment gateway to process transactions. Most stores use payment gateways such as Visa, Paypal, Shopify, or Apple Pay. Since cryptocurrencies are becoming increasingly popular in the modern economy and society, it is quite logical that it is necessary to create payment gateways that are adapted to implement cryptocurrency transactions. The e-commerce industry needs a universal, integrated solution. which allows customers to freely pay in cryptocurrencies, and merchants easily accept payments and convert received funds into any fiat currency. Such a payment gateway should function not only within the online platforms, but also be used for receiving cryptocurrency payments in offline stores. For this, the Araw Token ecosystem and the Araw Pay service were created.What is Araw Pay?
Araw Pay is a system that allows merchants to accept payments in Araw tokens in their online or offline store. This is an open source widget that is clear and easy to use and can be integrated with existing online stores. According to the principle of operation, the Araw Pay service is similar to similar traditional payment gateways, except that payments are made in cryptocurrency, and not in Fiat. This is not just a payment widget, it is the basis of the entire huge ecosystem called Araw Token. Vendors connect to this ecosystem using an open API protocol, after which they get all the benefits of the full-featured e-commerce market. To make purchases and receive payments, each user sets up a wallet, which is available as a web version, and in the form of a mobile application. Companies that decide to implement Araw Pay in their business make a huge leap forward into the future of e-commerce and electronic payments.
How it works?
The main advantages of Araw Pay are the convenience and ease of use of this payment service. The client will simply have to add the widget to the website of his online store, after which buyers have the opportunity to pay for goods using Araw tokens. The best way to explain how a decentralized payment gateway for cryptocurrency payments works is to give an example:1. The user buys in his personal account Araw tokens and then on the website of online stores when placing an order he will be able to use Araw Pay service
2. After the client has selected the Araw Pay service as the method of payment, he is redirected to the login page of the Araw platform. Using the API protocol, the online store receives the necessary amount of tokens from the customer’s wallet.
3. If the client decides to use this payment system for the first time, he is redirected to the account creation page on the Araw platform. The process of creating and replenishing a wallet with Araw tokens is simple and straightforward and does not take much time.
4. The owner of the online store receives from the client as payment for the order Araw tokens to his cryptocurrency wallet.
You can see more detailed usage examples by visiting the project site https://arawtoken.io/
Why does Araw Pay service have every chance to transform the retail market?
As mentioned earlier, the Araw Pay platform offers its users many advantages. Therefore, of course, the project has the potential to make significant changes in the field of retail and e-commerce, as well as create a new way to carry out payment transactions. Many stores will be able to easily and quickly integrate the Araw Pay payment widget into their sites, which will allow customers to pay for purchases with Araw tokens. Then sellers will be able to exchange received tokens for any convenient fiat currency using the Araw platform. The fact that the entire system works as an open API protocol makes it easy to predict that many retailers and entrepreneurs will start using the services that the Araw ecosystem offers. With this, the transformation of the entire retail sector will begin. Digital currencies will be used on par with traditional fiat ones. Since the Araw ecosystem provides a full-featured solution with all the necessary services within one site, sellers do not have to worry about how it is easier, faster and with the lowest commissions to use multiple payment gateways to conduct their transactions.Conclusion and conclusions
In conclusion, it is worth noting that one of the strongest key components of the Araw platform is a decentralized payment gateway device. With the help of such a device, users will be able to carry out transactions directly between each other, eliminating unnecessary fees that intermediaries or third parties charge. Thanks to blockchain technology, peer-to-peer transactions occur through the use of a smart contract, which ensures the security and irreversibility of the transaction for both parties. After the buyer confirms the transaction, it is executed by a smart contract and its result is written to the blockherein-registry of the ethereum network.
For more information on the technical documentation of the project, as well as to get the latest news and updates, you can visit the company's online resources and social networks:
Website: https://arawtoken.io/
Whitepaper project: https://arawtoken.io/assets/araw_whitepaper.pdf?v1.7
Discussion on the forum: https://bitcointalk.org/index.php?topic=3497194
Twitter: https://twitter.com/arawtoken
Facebook: https://www.facebook.com/arawtoken
Medium: https://medium.com/@TheARAWToken
Telegram: https://t.me/ArawTokenOfficial
Author: Hoangbinmcc
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1330327
