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ARAX Unveils Revolutionary Payment Protocol

· 4 min read

Arax Holdings Corp. (Ticker: ARAT) — an innovator in fintech software — has integrated the Payto protocol into all products: Wall Money, Ping Exchange, Core Pay, and Core Token.

Apart from enabling remittance, transfer, and exchange of digital assets, FIAT, and cash, the protocol is also implemented in the Google Chrome / Chromium ecosystem as a recognized standard.

Rastislav Vašička, CTO of Arax Holdings Corp., states:

“ARAX envisions a world where individuals are empowered, living in a society that supports autonomy through cutting-edge technology.”

This vision underpins ARAX’s ecosystem, leveraging the Payto protocol as a vital component in modern financial transactions.

RFC 8905 describes Payto, a universal URI scheme for payment targets designed to foster interoperability across payment systems and streamline user experiences.

Within this framework, users can execute a wide range of transactions, from blockchain transfers to traditional banking operations (IBAN, ACH, UPI, BIC) and even cash.

Distinct Payto Features​

  • Digital & FIAT Asset Transfers: Seamless, secure movement across digital and traditional rails
  • FIAT Exchange Rates for Digital Assets: Real-time in-app conversion guidance
  • Recurring Payments: Automation for businesses and individuals
  • Payment Expiration: Time-based control to enhance security
  • Payment & Donation Buttons: One-click flows for contributions and sales
  • Extensive Integrations: Broad compatibility across apps and services

Read more in the technical paper and the RFC 8905 specification.

Product Highlights Using Payto​

  • Ping Exchange: Hybrid digital asset exchange using Payto for streamlined on/off-ramps and payment instructions.
  • Wall Money: Wealth management & lifestyle platform adopting Payto to minimize fees and achieve near-instant results.
  • Core Pay: Payment gateway generating Payto links for all transfer types to enhance UX.
  • Core Token: One-click transfers on Core Blockchain with FIAT rate display in major currencies.

To try ARAX’s fintech solutions, visit Payto.money — generate payment and donation buttons without code, compatible across the ARAX product range.

In an era of converging tech and finance, Payto is a free, open protocol reshaping payment norms and advancing the fintech ecosystem.

“The Payto protocol, a cornerstone of Arax Holdings Corp.'s fintech innovation, is revolutionizing the financial ecosystem… a commitment to societal advancement, empowering seamless, inclusive, and efficient financial interactions worldwide, leading to the growth and adoption of the entire ecosystem, ultimately leading to revenue growth for ARAX.” — Ockert Loubser, COO, Arax Holdings Corp.

The protocol’s adoption by industry giants such as Google Chrome underscores its significance — this Chromium integration marks a milestone toward ubiquity.

As a pioneer in deploying cutting-edge technologies, ARAX Holdings Corp. is steering fintech’s evolution, empowering individuals to direct their financial futures.

About Arax Holdings Corp​

Arax Holdings Corp., with its diverse product suite, is redefining fintech by adopting and integrating the latest technological advances to meet a rapidly changing world.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995​

Certain statements contained in this press release may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). All statements that are not historical facts are “forward-looking statements.” The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Investors should consider this cautionary statement and furthermore, no assurance can be made that the transaction described in this press release will be consummated. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.