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.
MenaPay Foundation encompasses various aspects including crypto exchangers, revenue and profit system, green mining reserves, cash-out commission and request system, purchase menacash, merchants and individual users. Menapay works by creating a new standard in the crypto industry for the level of participatory returns, beyond the regular incentives for users and investors. The main features of MenaPay include: P2P Transactions; P2M Peer to Merchant Payments; M2F Merchant to Foundation; and Green Mining. All this innovative features work together to give outstanding results seen in MenaPay platform.
Payment processing in traditional payment workflow which requires too many intermediaries (including issuing bank, payment gate, credit card association, payment processors and acquiring bank) is overcome in MenaPay because it connects customer with merchants directly for frictionless and trustworthy transactions. MenaPay linked customer to the merchant with the use of Menapay Token.
In Ico structure of MenaPay, it was stated from their official website that 400 Million MenaPay Tokens will be generated and 64% of the coins will belong to the community. The Token distribution include 5% for mining reserve, 10% for bounty and airdrop, 10% for founders and team, 11% for advisors and partnerships and 64% for public contributors. In the use of fund, 5% goes to legal system, 10% of the Token goes to business development, 15% for operation and administration, 30% for development and infrastructure and 40% goes to marketing.
It is widely known that traditional banking tools are not widely used in the Middle East and Africa region, due to the conservative practice of Islam and the poor banking system. MenaPay's non-bank, user-friendly mobile payment app and arabic language support provide easy and quick onboarding to let users safely enter the cryptocurrency world. The main features in this app are that it has user-friendly dashboard and application market for easy integration.
MenaPay is a modern version of the traditional payment systems which is blockchain-based and fully backed up cryptocurrency to provide a secure and transparent payment channel that enabling transactions for every area of everyday life.
More Information
Website: https://www.menapay.io/#home
Whitepaper: https://www.menapay.io/whitepaper_en.pdf
ANN: https://bitcointalk.org/index.php?topic=4884588.0
Facebook: https://www.facebook.com/menapayio
Twitter: https://twitter.com/menapayio
Telegram: https://t.me/MenaPay
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