Menapay the future ecosystem the payment system needs

akhat (29)in #cryptocurrency • 6 years ago

The menapay ecosystem consists of the merchants, individuals users, reseller network, P2P (peer to peer) transaction, P2M transaction and M2F transaction. Merchants of menapay along with individual users are the building blocks of the menapay ecosystem. In menapay ecosystem , enterprises which accept menacash payments in return for either services or products are known as merchants.
Companies who want to become merchants on the menapay platform can register with the foundation and start menacash transactions of readily signed contracts with 50 large establishments, has advantageous features of menapay.
In order to achieve this, menapay present an easy – to integrate the software Development kit. Any seller can accept menacash payments after they download and set up this software development kit.

Individuals who make use of menacash, use menapay which preliminarily focuses on the MENA market, every product in menapay is designed to fully meet user habits and expectations at a satisfactory means of the region.
User will be able to login into the platform with the help of well designed, fast and secured on boating process. Users can sign up with phone number after downloading the App from Menapay.io or from playstore or Appstore.

Users joining the ecosystem are able to purchase Menacash easily with the help of menapay reseller network. Thus, the reseller application is designed specifically for Menacash sales : other functions of the network are; buying of Menacash from the platform through credit cards or wire transfers, deciding commission rates over their sales and make rate updates on customer base, track sale records and produce reports over their sales with the dashboard provided from them and finally, share sales documents with the customers which is issued at the time of transactions.
The peer to peer (P2P) are simple transaction or sales between the users, usually only between two users.
The peer to merchants(P2M) are made by customers users to the merchants and finally, the merchants to foundation (M2F) are menacash cash to fiat currency cash out from the merchant to the foundation.

Furthermore , cashout requests opened by approved merchants are closed by the foundation on returning fund , keeping 1 Menacash to be equal 1 USD . in addition , the minimum limit for cash out is 1000 Menacash. Menapay claims 5 percent commission over, the amount cashed out. The righted to change the commission rates are reserved by the platform. Menapay remains the platform that will revolutionize the blockchain payment transaction system.