Hello everyone, this time I will review MenaPay who is smart and innovative.
What is MenaPay?
Alternative payments refer to payment methods that are used as an alternative to traditional payments. 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 settlement, language and currency support and subject to domestic rules and regulations.
A debit card also known as a bank card or check card is a plastic card that provides a traditional alternative payment method for cash when making a purchase. A charge card is a plastic card that provides an alternative to cash when making purchases where the issuer and card holder enter into an agreement that the debt incurred in the billing account will be paid in full and on the due date.
MenaPay is the first block-based payment gateway that is fully supported in the Middle East and Africa. EdenPay replaces traditional payment methods with cryptocurrency fully supported by blockchain. Mission MenaPay is building web-based websites and applications that will allow integration of crypto payment solutions to various websites and supports Arabic on the dashboard.
New payments like Bitcoin and other cryptocurrency solutions have disappointed us because they are expensive and involve large and improper transaction costs for your daily payment needs such as buying groceries, paying for taxis and other services available for each day. MadPay targets to change the status quo by bringing 100% non-bank Islamic digital solutions, use blockchain to create a single currency for use in daily and cross-border transactions, https: //www.menapay.io/
We create new standards in the crypto industry for participatory returns, beyond regular incentives for users and investors.
- P2P transactions
- P2M Peer to Merchant Payments
- M2F merchants to the Foundation
- Green Mining
In further developments the implementation of this program is the North Africa and Middle East regions. With technology advancing and the entire Blockchain ecosystem growing at a commendable pace, much of the development takes place in several pockets of the world. The Middle East and North Africa have so far remained isolated from growth on the Blockchain. This region is under the banking infrastructure that was developed due to Islamic Sharia law which prohibits interest on loans. As a result, the GCC region has sharia-compliant financial institutions that represent about 1% of the world's total assets. This region also has a very fragmented with various currencies that have banned the integration of all regions into one market.
Solution for Using Cryptocurrency as a Payment Method
Cryptocurrency cannot be used in daily life transactions because entrepreneurs. price fluctuations and their cash-out problems. MenaCash, which is 100% supported by the USD, will be used as a currency for transactions under the MenaPay platform.
1 MenaCash will always be equal to 1 USD and traders will be able to make cash from the MenaPay foundation. MenaPay also brings easy-to-use solutions such as desktop and mobile wallet, API and SDK integration, reporting and management dashboards for traders, all with an Arabic user interface.
Solution to Real Life Problems
Regular banking tools are mostly not used in the Middle East and the African Region because of conservative Islamic practices and a poor banking system. This region also has a highly fragmented structure with various currencies.
MenaPay brings a non-bank digital solution that is 100% Islamic, using blockchain to create a single currency that will be used in daily transactions and across borders.
How to reach 1 Billion USD Market Cap in Mid-2019
Premium onboarding traders who offer special discounts only for MenaPay. Reach 5 million active users thanks to the campaign of premium traders and strong local marketing. Build a network of offline retailers to allow easy access to the world of cryptocurrency.
Gain support from the influence of creators in the region, such as women in the technology industry, politicians, artists, and social entrepreneurs.
Innovative Crypto System Solution
Stable cryptocurrency "MenaCash" will work through a personal blockchain solution to eliminate volatility and to ensure transactions faster than ancient financial instruments, such as credit and debit cards. MenaPay tradable tokens will use ERC20 and will be used to distribute most of the revenue and profits from the MenaPay platform and will be available for the sale of many people. Generate revenue from expenses from P2P (peer to peer) and P2M (peer to merchant) transactions and cash-out fees from M2F (Merchant to Foundation).
Green Mining: Every MenaCash transaction between Peer to Merchant can be given by MenaPay tokens. MenaPay Tokens will be distributed from mining reserves. Certain ratios of transaction costs will be used to fill mining reserves with MenaPay tokens.
For information details:
Website: https://www.menapay.io/#home
Telegram: https://t.me/MenaPay
Onepager: https://www.menapay.io/onepager.pdf
Facebook: https://www.facebook.com/menapayio
Twitter: https://twitter.com/menapayio
Instagram: https://www.instagram.com/menapay
Ann Threads: https://bitcointalk.org/index.php?topic=4884588
Author: assyfa
Profile: https://bitcointalk.org/index.php?action=profile;u=1348503
Eth: 0xCa53A32ab48cF8bA4eC4A494bA4e95ceC26Fe71d