MENAPAY..... A DECENTRALIZED PAYMENT GATEWAY IN MENA

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MenaPay

4 min readAug 8, 2018

How would you rate a system that allows you to do your daily transaction without moving an inch from your comfort zone? I guess your rating is definitely going to be very high. The current financial institutions today is highly centralised with bogus payment operation that sometimes individuals are kept waiting for days for a single international transactions to be executed, and to think that clients paid a pocket breaking amount for such transactions is a story for another day, this approach decrease efficiency in our economy and cause a very high traumatic experience in some part of the world especially middle east and Africa where there are so many unbanked individuals due to poor financial management institutions.

Another pitiable situation in the traditional financial institutions is that some financial apparatus are not used in some regions especially middle east due to the practice of Islam and poor networking, these regions and many other always find it very difficult to use certain international previledges because of no availability of institutions to either convert their native currency to international and vice versa.

All this shortcomings made a team of financial expert to conduct a thorough research and came out a crytocurrency (mpay) more useful than traditional cash and Platform where everybody will be able to enjoy the benefits of digitalisation

INTRODUCTION

MENAPAY

MENAPAY is the very first fully backed blockchain-based payment gateway in the entire middle east and Africa, a platform that will replace the traditional payment strategy with blockchain-based fully backed cryptocurrency

The blockchain is a technology that introduces transparency, efficiency and speed in all sectors of human endeavour, blockchain is also pivotal for existence of many good companies in our ecosystem and continue to gain wide adoption in almost all sectors of of economy from production to health, advertising, marketing etc the impact of blockchain technology in our financial institutions using digital money is going to change some hiccups we encounter in the traditional Banking system.

Menapay used blockchain to provide a secured, transparent and easy to use payment gateway and 100% Islamic, non-banked digital solutions to enable faster transactions in our daily activities at almost zero cost across all regions, menapay Platform will create a new model in the world for high level participatory returns by distributing 75% of the total revenue and profit amongst holders of menapay token.

FEATURES OF MENAPAY PLATFORM

Menspay Platform understand the high volatility using cryptocurrencies for payment that’s why they created MENACASH that is fully backed by USD, which means menacash is always equal to one USD . Menacash will be used in the menapay foundation for easy entry into cryptocurrency market and also easy cashout to your desired currency. This approach removes price fluctuation of assets and users won’t lose their funds in the platform.

Menapay also provides easy to use solutions such as desktop and mobile wallets, integration APIs and SDK management dashboard for merchants.

MENACASH which is a stable cryptocurrency in the menapay Platform will work private blockhain to ensure faster transactions than the out-dated non secured financial good such as credit and debit card.

MENAPAY TOKEN

Menapay token is completely liquid and can be traded on many cryptocurrency exchanges, it ultilized the stable ethereum Blockhain (ERC20), it will used to distribute the majority of revenue and profit of menapay Platform and will be available for crowdsale.

Token Name: MENAPAY

Token Ticker: MPAY

Token Platform: Ethereum

Token Standard: ERC-20

Token Price: 0.165 USD

TOKEN DISTRIBUTION