MENAPAY - Crypto made easier than cash

Alternative Payments are increasingly becoming more popular among traders because more options mean more sales and because almost all Alternative Payments offer a variety of service-specific features that discuss the global online market. Geolocation software for automatic language translation, instant currency exchange and global support are generally included to allow foreign buyers to use their domestic payment solutions, when shopping outside their country on foreign-based web merchants.

MenaPay is the first blockchain-based payment that is fully supported by gateways in the Middle East and Africa. EdenPay replaces traditional payment methods with Cryptocurrency fully supported by blockchain. This provides a secure and transparent payment gateway that activates transactions for every aspect of everyday life. MenaPay Project started in November 2017 to serve 420 million people in 18 countries as the main payment of their method. MadPay will distribute 75% of total income and profits between holders of MenaPay. This creates a new standard in the crypto industry for a level of participatory returns beyond regular incentives for users and investors. 

Menapay Introduces Several Products

• KYC - To ensure no illegal activities are performed on the MenaPay Platform and serve our customers a secure network, the platform conducts a KYC (Know Your Customer) procedure. 
• Dashboard - Data oriented decision making is crucial for merchants. 
• Reseller Application - In order to provide an easy MenaCash purchasing experience to its users, MenaPay Foundation authorizes some entreprises other than itself, which can sell MenaCash. 
• Mobile & Desktop Payment App (Wallet) - The MenaPay application is also designed to be the wallet of the users. 

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.

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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