ARAW Announces New Joint Partnership with Havven
At ARAW, we are constantly looking to expand and develop our activities and to better serve our purpose of decentralizing the e-commerce and payments industry. We have been successfully doing so in the past with MegaX, Bleep, and more recently with Credits.
Today, ARAW is proud to announce a new joint venture partnership with Havven, a decentralized payment network, and stablecoin.
What is Havven?
Havven is an innovative blockchain based payment network that allows everyday purchases for its users by relying on a stablecoin to avoid the volatility and instability of the crypto market as we know it. Launched in June 2018, nUSD is Havven’s stablecoin that can be used on the Havven payment network. Its value is always equal to one US dollar. Users of the Havven decentralized payment network can convert Ethereum into nUSD coins. These coins are safely stored on the blockchain and their value will never change, making it convenient for trading on exchanges, funding token sales, securing and storing value or purchasing items online and in stores.
How will the partnership work?
As we have seen over time, the cryptocurrency market can prove to be very volatile and unstable. With Bitcoin and other digital asset prices fluctuating at a rapid pace, it can be very complicated for users to use cryptocurrency for everyday purchases. This could be a big issue for merchants and customers using the ARAW platform and marketplace. This is where our partnership with Havven comes in. ARAW will use the Havven stablecoin to protect merchants and customers from the volatility of the exchange rate.
For example, if a customer purchases an item for $25, the amount will be converted into 25 nUSD coins and this way the merchant will get $25 guaranteed.
The ARAW E-Commerce Platform will accept nUSD as payment so nUSD holders will be able to make a purchase throuhg ARAW E-Commerce Platform.
We are proud and very excited to work alongside Havven to enhance our customers and merchants’ experience when using our platform. By integrating the Havven payment network and the nUSD stablecoin to our ecosystem, we feel that it will allow ARAW to grow even more and attract more retailers and more customers. Volatility in the crypto space is a known issue when it comes to e-commerce and payments but it is now solved thanks to nUSD and Havven. We are proud of this new partnership and are excited about the future and the opportunities that it will bring for both Havven and ARAW.
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