enno netral: MenaPay intends to create a new standard of payment method through the application of blockchain technology.

The birth of digital currency has brought good luck in the economic sector. With the birth of bitcoin in 2009, many began to see that Blockchain Technology is the thrifty face of the next generation of technology. Since its inception, Blockchain Technology has been trying to become mainstream but has been limited by one or two constraints which include ease of wallet use, communication privacy, trade and security performance. There are many big players in the crypto room who have tried to improve the quality of some of these important keynotes but because of lack of experience or sometimes funds make them less good.

On this occasion, I will provide interesting information, especially in the world of Cryptocurrency. This time the ICO project is related to the world of Exchange, before the discussion, it is important for you to read the reviews that I made so that I can help you get information about seeing their vision and mission. Hopefully, this information relating to the world of Exchange, of course, will give you a little insight and interest to get involved with the MenaPay ICO project.

Introduction

Alternative payments refer to payment methods that are used as traditional payment alternatives. Most alternative payment methods discuss the domestic economy or have been developed specifically for electronic commerce and payment systems are generally supported and operated by local banks. Each alternative payment method has a unique application and process completion, language and currency support and is subject to domestic rules and regulations.

Debit cards also known as bank cards or check cards are plastic cards that provide traditional alternative payment methods for cash when making a purchase. A credit card is a plastic card that provides a cash alternative when making a purchase where the issuer and cardholder enter into an agreement that the debt incurred in the billing account will be paid in full and at maturity.

What is MenaPay?

MenaPay is the first blockchain-based payment gateway that is fully supported in the Middle East and Africa. MenaPay replaces traditional payment methods with cryptocurrency that is fully supported by blockchain. It provides a secure and transparent payment gateway to enable transactions for every aspect of daily life. The MenaPay project began in November 2017 to serve 420 million people, in 18 countries, as their main payment method. MenaPay will distribute 75% of total revenue and profits among MenaPay holders. This creates a new standard in the crypto industry for participatory returns, excluding regular incentives for users and investors.

How MenaPay works?

We are creating a new standard in the crypto industry for the level of participatory returns, beyond the regular incentives for users and investors.

P2P Transactions

P2M Peer to Merchant Payments

M2F Merchant to Foundation

Green Mining

Solutions for Using Cryptocurrency as a Payment Method

Cryptocurrencies cannot be used in daily life transactions because of their price fluctuations and cash-out concerns. MenaCash, which is 100% backed by USD, will be used as the currency for transactions under the MenaPay platform.

1 MenaCash will always be equal to 1 USD and merchants will be able to make cash-outs from the MenaPay foundation. MenaPay also brings easy-to-use solutions such as desktop and mobile wallets, integration APIs and SDKs, reporting and a management dashboard for merchants, all with Arabic user interfaces.

Solutions to Real Life Problems

Regular banking tools are largely not used in the Middle East and Africa Region due to the conservative practice of Islam and the poor banking system. The region also has a very fragmented structure with multiple currencies. MenaPay brings a 100% Islamic, non-bank digital solution, using blockchain to create a single currency to be used in every day and cross-border transactions.

How to reach 1 Billion USD Market Cap by Mid-2019

Onboarding premium merchants who are offering special discounts only for MenaPay. Reaching 5million active users thanks to premium merchant campaigns and strong local marketing. Building an offline reseller network to allow easy entry to the cryptocurrency world. Acquiring the support of influential creators in the region, such as women in the tech industry, politicians, artists and social entrepreneurs.

Establishing Public Adoption of Cryptocurrency

Apart from accepting 30 major cryptocurrencies, you can buy tokens via bank transfer and credit card or you can pay on the door.

MenaPay Token

MenaCash will be the token that will be used in MenaPay platform which will have the full backing of USD and it will as well be used for transaction in MenaPay platform. It will be used to distribute the revenue and profits entitled to all token holders

MenaPay has put in some features in place to make 1 MenaCash equal to 1 USD which merchants will be able to cash out from MenaPay foundation. 400 Million MenaPay Tokens will be generated and 64% of the coins will belong to the community.

Token details

Token: MPAY
Price:1MPAY = 0.165 USD
Bounty: Available
MVP/Prototype: Available
Platform: Ethereum
Accepting: ETH, BTC
Hard cap:25.000.000 USD
Country: United Arab Emirates
Whitelist/KYC: KYC & Whitelist
Restricted areas:–

Conclusion

MenaPay is the first, fully backed blockchain-based payment gateway in the Middle East and Africa. MenaPay replaces traditional payment methods with a blockchain-based fully backed cryptocurrency. This provides a secure and transparent payment gateway to enable transactions for every aspect of daily life. The MenaPay project was started in November 2017 to serve 420 million people, across 18 countries, as their primary payment method. MenaPay will distribute 75% of total revenue and profit amongst holders of MenaPay. It is creating a new standard in the crypto industry for the level of participatory returns, beyond the regular incentives for users and investors.