The e-commerce industry is a multi-million dollar industry with huge prospects and market opportunities. One of the crucial factor considered after much promotions and ads to get traffic and visitors come and patronize services and products on the e-commerce website is the payment system available on the platform. Most customers prefer most widely accepted payment system in order to make transaction easier, safer and faster for them. Every e-commerce platform payment system depends of the nature of product and services offered, customers region with most traffic and patronage. The platform adopts payment systems familiar and easy to use depending on the type of customers with most sales conversions. The most common online payment solutions widely used are Paypal, Payza, Pioneer, etc. while major credit card merchants like Master Card and Visa Card dominate these platforms. The use of these aforementioned method of payments are linked to fiat money and banks. The big question is, “What about does with cryptocurrency who wish to make purchase?” If there was a payment solution that integrates both crypto and non-crypto payment features then e-commerce is bound to witness a huge increase record of turn over. This is the core vision of ARAW blockchain project through its ARAW token, to provide a decentralized e-commerce payment solution using blockchain technology. Of course it is a right step which will make cryptocurrencies more accepted as common medium of exchange just like fait money. This article will throw more light and discuss the key architecture and innovation ARAW is bringing to the crypto currency industry and e-commerce at large.
The Current E-Commerce Payment Systems and Challenges
The payment systems as earlier discussed at still the traditional online payment solutions like Paypal, Pioneer, NeTeller, Skrill, etc. Most charge very high commission and some countries have restrictions on the amount they can transfer from their wallet. All these contribute to delay and poor service delivery to e-commerce platforms which are more concerned with customer satisfaction. Some payment systems like Paypal do take days to transfer the funds to the receiver. It even allows options of a sender to recall or report a transaction if not satisfied and the consequence is account limitation imposed on the e-commerce wallet. This is not good for business. On the other hand some platforms are gradually adopting and integrating cryptocurrency into their payment system but it is poorly developed and uses wallet addresses listed on the website to receive payments. The cost of hiring blockchain developers to build a blockchain payment system for an e-commerce website is expensive. This can be tedious and take some time depending on quantity if gas used and gas price. A better solution is the desire of e-commerce and it is no other solution than ARAW token.
The ARAW Blockchain Architecture and Solution
ARAW platform is designed to proffer solutions barriers to payment acceptance, international regulations against cryptocurrency, paying a blockchain developer, absence multi-exchange payment. It is decentralizing payment using its blockchain system and ARAW token. E-commerce owners and customers can register on platform using their mobile application and use their payment services, they acquire their token which can be used to accept and make payments. ARAW users can exchange their token to fiat money with ease at any time they wish to liquidate their tokens. It has three basic features which makes it stand out and a choice for e-commerce industry.
The first feature is a unified Reward System which will help e-commerce platform effectively carry out loyalty rewards with ease as it is redeemable via tokens. E-commerce platforms adopting the ARAW payment solution will have token rewards and other services which will help them project their business and increase returns. By doing this non-crypto e-commerce platforms will join the game and benefit thereby helping to promote not just ARAW but cryptocurrency adoption globally.
A banking system feature is one of the major step in bridging the gap between the users’ crypto and no-crypto payment trends. Customers using ARAW can buy tokens directly from the mobile application and have the equivalent transferred to their wallet likewise exchanging same back to fiat money to their bank account. There are limitless opportunities and flexibility of ARAW token and their platform.
A unique ARAW Touch and Pay Card is one great innovative feature of the ARAW blockchain project. This is a strategic approach to reward customers that adopt ARAW card payment solution with ARAW tokens, they earn more ARAW tokens and get discounts as they utilize the cards and by so doing driving to adoption ARAW token and cryptocurrency in general.
The last feature is its ARAW mobile wallet which makes payment easier on the go through smart devices and eliminates the need for fiat money. It is designed to link user’s bank accounts for seamless shopping experience. The wallet which stores ARAW token can be exchanged to bitcoin and ethereum for other uses.
About ARAW Token and sales
ARAW is the name of the token that drives value on the ARAW blockchain. The project is open to investors who believe in the vision and solution they proffer to e-commerce and the cryptoworld to cue into the ICO sales that is currently on. A total of 5,000,000,000 ARAW tokens has been generated for this which is sold at $0.01 per token. It can be purchased using ethereum. Presale commenced on 1st July 2018 and will soon close ( roughly 14 days left as at today) which after the main public sale is expected to kick off by 10th September 2018 and end by 9th November 2018.This is a promising project worth giving a chance.
To learn more about ARAW blockchain project and their token sales please visit the links below.
WEBSITE: https://arawtoken.io/
AIRDROP: https://airdrop.arawtoken.io/
BLOG: https://medium.com/@TheARAWToken
TELEGRAM: https://t.me/ArawTokenOfficial
FACEBOOK: https://www.facebook.com/arawtoken
TWITTER: https://twitter.com/arawtoken
LINKEDIN: https://www.linkedin.com/company/arawtoken/
Content Author Details
Username: Finixfly
Bitcointalk Profile Url: https://bitcointalk.org/index.php?action=profile;u=2141081
