MenaPay - Crypto made easier than cash

BRAINERDPAUL

Over the past few years, the cryptocurrency markets have seen significant and unprecedented growth, with investors in the space earning huge profits. One major drawback, however, is that trading cryptocurrencies is a bit complicated and the recent influx of new projects into the market is quite overwhelming. As a result, investors that do not have the time, resources or expertise to do exhaustive research may end up making snap judgements and losing money. As such, it has become particularly important for investors to be cautious while making investments in ICOs and cryptocurrencies in general. This is because a large proportion of investors lack the knowledge to dissect projects, analyse teams or even to ascertain the authenticity of the claims made in the white paper. More so, even if these investors have the knowledge and expertise to analyse and make risk assessment for blockchain projects they may lack the time, resources, and in depth research required to make informed decision. On the other hand, there are multiple genuine cryptocurrencies and ICO projects that have viable products, and world class teams that have the ability to execute the vision and deliver revolutionary solutions within the space and this is where MenaPay fits in and they have created a platform that will provide the admissibility to apply conditional digital finance to purchase products and services to the population of the countries of the Middle East and North Africa.

MENAPAY PLATFORM

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 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.

Mission

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.

Challenges and Solutions Offered

Single Payment Method for Online Shopping

As a result of the poor banking system and lack of proper applications of Islamic finance, the only way to shop online is using the most common method; cash on delivery (CoD). But it also brings some other risks and problems such as high costs and uncharged deliveries. Also, CoD method can only be used for physical goods. Proper monetization of digital goods and services is still a big challenge. Menapay introduces fully Islamic finance compliant digital payment system to users along with its stable Currency MenaCash.

Obligation of Carrying Cash

The obligation of carrying cash is one of the biggest problems of traditional offline payment systems in MENA.

Apart from security problems, this brings despair to users since this payment method is the only way. People are not happy to carry large amounts of cash but they love shopping. There is no solution if the user loses the the high amount of money on the way to buy a valuable good. One of the goals of MenaPay is to get rid of cash with the ease of digital payments and security of blockchain technology. Menapay brings a digital, single and stable currency to the region which people can carry within their smartphones.

Cross-Border Money Transaction

Due to the extreme conversion rates of banks, it is very costly to make cross border transactions or online payments in various currencies. MenaPay aims to make this process as easy as sending a message on any online platform. After completing the KYC process that MenaPay requires from the users, money transfer between countries will take seconds, as it is a necessity of the digital age we live in.

Dependent Central Authorities

Because there are trust issues and high inflation risks, people mostly do not prefer to hold their money in the national banks of their countries. Blockchain technology, solves any trust or dependency problems that might occur by its nature. All savings are recorded on the blockchain and can’t be changed by anyone. The MenaPay platform also belongs to the community, it’s designed to sustain forever.

Counterfeit Money Problem

Counterfeit money is a serious problem especially in North Africa and the north part of the Middle East, where people have plenty concerns about fraud. Digitalized and stable currency MenaCash of the MenaPay Platform will also be a solution for this common concern.

How It Works?

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.

The Benefits

Peer to peer (P2P) transactions

People from all over the world will be able to exchange MenaPay as form of payment for goods and services through peer to peer method.

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.

Peer to merchants (P2M)

Through this peers from every part of the world can connect with wide range of merchants from every part of the world for frictionless and trustworthy transaction.

Merchants to foundation

All the revenue that is been generated from the fees of P2P ( peer to peer) and P2M (peer to merchants) transactions will be put into the foundation.

Green mining

All transactions on MenaCash that is made between peer to merchants may be awarded by MenaPay token.

About Menacash

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.

Token and ICO Details

The Menapay token (MPay) is an ERC20 token as it is currently built on the Ethereum platform. Indeed, the project will build its own Blockchain for ease of use, posting of its public sales and transference of tokens to investors.

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

Token Allocation

Public Contributor — 64%

Advisors and Partnership — 11%

Founders and Team — 10%