MENAPAY - CRYPTO MADE EASIER THAN CASH

brainerdpaul (-2)(1)in #ico • 5 years ago

There is a fine line between “The Idea” and actual practical application. In other words, your great idea can remain just a “great idea” if it has no use or value. And many companies often fail because of this.
The rise and fall of various IoT startups has been noticeable over the past decade, but the ICO scene is still comparatively fresh and new. Nonetheless, there are already a number of projects that were either too ambitious to succeed or were simply a scam, and still there is a growing list of this kind of projects because the idea of building a useful and practical product is overthrown by inexperience, mediocrity, and greed. If not taken seriously, the vision of this perfect utopian decentralised world can quickly turn into a disaster scenario ruled by Doge and Pepe.

But enough negativity. What is this article really about?

I'd be writing about a credible project with lots of positivity. i will be introducing you to MENAPAY.
MenaPay is an ambitious project that seeks to take the place of traditional payment methods in the day-to-day living of its users using the blockchain as a leverage. For relevance to the day-to-day living of users, it must solve two major challenges – security of funds and transparency. This it intends to achieve through its cryptocurrency payment gateway that is set to run transactions at unprecedented levels never reached by any project before now.

MenaPay aims to become the most commonly used cryptocurrency in the MENA region. Focusing on 18 countries and 441 million people, MenaPay carries the mission of becoming the largest non-bank payment solution by using blockchain technology while generating significant returns for the investors.

MenaPay is the first block-based payment gateway that fully supports the Middle East and Africa. MenaPay replaces the traditional payment methods with cryptocurrency, which is fully supported by blockchain. MenaPay is creating web sites and mobile-based applications , which enable the integration of payment solutions on various websites crypto and supports Arabic on the dashboard.

New payment solutions such as Bitcoin and other cryptocurrency has disappointed us because they are expensive and associated with significant transaction costs and is not eligible for daily necessities, such as groceries, taxi and other services which should pay for each hari.MenaPay status quo change with a 100% digital solution Islamic non-bank, a single currency with blockchain used for the creation of daily transactions and cross-border, https://www.menapay.io/

What makes MenaPay unique

MENA means the Middle East and North Africa so this, in essence, is a cryptocurrency created specifically for that market. As these are the initial focal areas, the possibility of adoption by the world is quite positive, so long as adoption in MENA countries ramps up.
Back to our review. The possibility of growth is quite massive considering the laws governing the MENA countries and the general aversion to the traditional banking system. One major setback is the issue of interests on loans advanced to borrowers as this is against the Sharia Law which is in full swing in these parts. Leveraging on Blockchain though MenaPay will bridge the gap between the unbanked and storage of value.
Looking at a few benefits, we will find that this project is more people-centric than many that have been more pretenders than contenders.

BENEFITS

The value will always be stable at $1
Volatility is a big issue with Cryptocurrencies but with MenaPay, the stability is a huge plus and you can be sure you wouldn’t lose your money as is rampant with most crypto projects. There doesn’t seem to be a better way to mitigate the risks of inflation than to invest in a project that will suffer minimal or no risk as its value it will be pegged to the Dollar.
Own Blockchain
With its own Blockchain, transactions will be faster-processed and there shouldn’t be slow network or downtime as obtained even with the more established heavyweights – Bitcoin and Ethereum. This advantage gives it the leverage needed to become a currency with strong use-case as it can be a medium of value that will be used every day.
Wallet integration
The project didn’t stop with having a payment gateway but intends to back it up by providing desktop and App wallets for users, a dashboard to manage all transactions for registered merchants and a user-friendly interface provided in the general language of the target area – Arabic.
Own payment option
MenaPay wants to make sure that every transaction on its platform, asides from eliminating the middleman, also makes use of its own medium of exchange – MenaCash which is necessary for all transactions on its private Blockchain.
Detailed Roadmap
While this may seem like a feature and not a benefit, having a clear roadmap that is being followed religiously build investor confidence and adds to the viability of any project. MenaPay does this beautifully with its clear roadmap and timeline for each stop to be reached.
It is worthy to note that after the MenaCash Transactions Test, next stop is the Mobile App Test billed for September 2018.
Profit-sharing
MenaPay’s profit-sharing structure is second to none in the crypto industry so far as it is pegged at 75% of total revenue at any one time. For every token holder, he/she is entitled to a share of this massive windfall. If not for anything, this profit structure is a massive reason to be a part of this project.
MenaCash
This will be use by merchants from every part of the world to make cash out from MenaPay foundation MenaCash will equals to $1.
Menacash is an unfaltering advanced cash supported by US dollars and works through a private blockchain organize. The inspiration driving why it is backd by USD, is to empower the phase to erase the issue of significant worth precariousness and irregularities which cryptocurrrency feature is known for all things considered. It wll furthermore work through private saving with Menapay tokens.

How MenaPay Work?

We are Creating a New standart in Crypto industry for the level of participatory return, beyond the regular incentives for users and investors.

P2P Transactions
P2M Peer to Merchant Payments
M2F Merchant to Foundation
Green Mining

MENAPAY intends to create a new standard of payment methods that would bring more returns and incentives to both customers and merchants with a lesser transaction fees through the adoption of blockchain technology.

Token Details

Ticker: MPay
Total supply: 400,000,000 MPay
Type: ERC-20
Price: 1MPay = $0.165
Soft Cap: $5m
Hard Cap: $25m
Payments Method Accepted: ETH, BTC, LTC, BCH, WAVES, USD, EURO, WON