By meaning to be the most usually utilized digital currency on the Middle East and North Africa district, MenaPay is bringing blockchain based payment entryway answer for the whole locale. MenaPay will supplant all customary payment techniques with a completely upheld digital money which will empower exchanges for each part of day by day life.
A short while ago, MenaPay released its Whitepaper with a detailed description of the project. MenaPay ’s ecosystem and technical details of the project can be seen from the Whitepaper also. The most important thing is to understand the MENA region and why this region needs a solution like MenaPay .
The Middle East and North Africa locale incorporates 18 nations with in excess of 440 million populace absolutely and 84% of the area is unbanked. By saying unbanked they don't utilize customary keeping money instruments be the reason for the traditionalist practices of Islam. Each nation in this locale has its very own money and the cross-outskirt exchange is extremely troublesome.
MenaPay is the first non-bank advanced payment portal for building the greatest cashless society on the planet. MenaPay centers around Mena as its essential market. MenaPay enables clients to exchange Money inside day by day life in a protected, quick and decentralized way. The task is completely consistent with Islamic back tenets which are essential in the district to give an advantageous and trustable computerized payment arrangement. Blockchain innovation meets the prerequisites of Islamic fund runs about cash exchanges among gatherings and income from the speculations.
In MenaPay stage there will be a steady digital currency named MenaCash which will be utilized for exchanges between clients, traders, and establishment. MenaCash will be on permissioned blockchain named MenaChain to give quick and secure exchanges between clients. 1 Mean money will be constantly equivalent to 1 USD. There will be dependably an equivalent measure of USD in the financial balances of establishment as the measure of flowing supply MenaCash in the market. This will be ensured by the outsider review organizations, these organizations will have the hubs of the consent blockchain and every one of the exchanges will be checked quickly.
MenaPay will disseminate 75% of aggregate income among holders of MenaPay tokens. It is making another standard in the crypto business for the dimension of participatory returns, past the normal motivators for clients and financial specialists. With MenaPay there will be another imaginative methodology for crypto space; Green Mining. Every person who utilizes the MenaPay Platform for individual payment purposes to the dealers with MenaCash is considered as a supporting individual from MenaPay people group and henceforth gets an opportunity of getting a MenaPay Token as a reward. MenaPay presents another reward demonstrate which works by means of green digging for MenaCash clients.
For the itemized depiction of items in MenaPay , it would be ideal if you check the Whitepaper in site MenaPay.io . In any case, for a short presentation, the items will contain blockchain-based payment framework, versatile and work area applications, its uncommonly structured Dashboards for dealers and Reseller applications. After a brisk enrollment process, MenaPay empowers its clients to store MenaCash by utilizing worldwide as well as territorial payment strategies or utilizing money through its wide Reseller Network crosswise over MENA locale. Once MenaCash is put away, the client can exchange MenaCash to his/her friend, or he/she can shop from a large number of vendors inside the MenaPay framework easily utilizing QR codes, messages, and telephone number.
MenaPay Website: https://www.menapay.io
MenaPay onepager Link: https://www.menapay.io/onepager.pdf
Whitepaper-https://www.menapay.io/whitepaper_en.pdf
@Menapayio
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