Hello, my friend all! On this occasion I will provide interesting information about an interesting project called Menapay. What is MenaPay?
Let's look at the review below:
Banking facilities in Africa and the Middle East are less developed. However, people from these countries clearly want to receive tools that are useful for financial transactions. The MenaPay project is specifically designed to overcome this problem: this is a mobile payment application supported in Arabic. The project plans to enter the 18-nation market, where 420 million potential users live. 75% of the total platform revenue will be distributed to MenaPay owners
For financial markets in the Middle East and Africa, traditional payment gateway providers face many obstacles that cannot be resolved. The problem is that commercial bank instruments are largely not used because of the banking system and Islamic conservatism, fragmented monetary structures, legal procedures for cross-border payments. This leads to cross-border payment transactions that take longer and transaction costs are high because the transaction must be processed running through several intermediaries.
Understanding this problem Menapay has built a smart cross-border payment solution, where everyone can transfer money across borders quickly at the lowest cost. MenaPay is a cryptocurrency platform that is fully supported on blockchain technology. It provides a secure and transparent payment gateway allowing transactions for everyone
The MenaPay project was created specifically to overcome this problem - this is a payment application for mobile devices with support in Arabic.
The project plans to actively enter the market in 18 countries, home to 420 million potential users. 75% of the total revenue of the platform will be distributed among the owners of MenaPay.
Perhaps the main advantage of this system is the promise that one system token (MenaCash) will always be equivalent to one US dollar. Full binding of the dollar exchange rate makes it a reliable tool for payment, settlement and storage. At the same time, MenaPay will be able to offer a simple and convenient solution with a high-quality interface for Arabic. Unique SDK, desktop and cellular wallet, an easy-to-use control panel for sellers will be developed and implemented.
MenaPay is developing the most holistic and disruptive solution that has not been seen to overcome the main 'financial system dilemmas' faced by consumers who want to buy online, transfer money, or simply obtain cryptocurrency.
MenaPay replaces traditional payment methods with blockchain-based cryptocurrency, which is fully supported to provide a secure and transparent payment gateway that allows transactions for every aspect of daily life.
At present Cryptocurrency cannot be used in everyday life transactions due to price fluctuations and cash-out problems. MenaCash, which is 100% supported by USD, will be used as the currency for transactions under the MenaPay platform.
1 MenaCash will always be equal to 1 USD and traders will be able to make cash from the MenaPay foundation. MenaPay also brings easy-to-use solutions such as desktop and cellular wallets, integration APIs and SDKs, reporting and management dashboards for traders, all with an Arab user interface.
Based on Blockchain technology, Menapay payment solutions ensure transparency in the payment process. This technology is one of the supporting factors to increase trust in the online payment sector in particular and the financial sector in general. Because all transactions have been running through the Purchase system, they have recorded detailed information such as: transaction time, payment amount, how the payment is, who is the recipient of payment, transaction description ... Blockchain - smart technology can fully minimize fraudulent transactions. Menapay payment solutions are not only suitable for business models, but also suitable for everyone who needs financial transparency.
Through this smart payment solution, Menapay can provide good financial services based on Blockchain technology to replace traditional payment solutions. With fast, inexpensive, safe and transparent payment solutions, Menapay will support budget-minded users around the world to make payments for their individual needs and business needs in an easy and convenient way. It can be said that this is a modern payment solution with high efficiency, which users must consider to use it.
Menapay has a team of professionals with experience in finance and blockchain technology such as Baris Ozistek has more than 15 years of experience, CEO at Netmarble EMEA; Füsun Nebil has more than 20 years of experience, currently he is an Information Technology Consultant; or Orhan Bayram ... and many other prestigious experts in the world. So, that is the reason why we can believe that Menapay can confidently develop this smart payment solution that is increasingly developing and widely applied globally in the near future.
Benefits
The main benefit of this system is the promise that the systemic chip (MenaCash) will always be equivalent to the US dollar. A complete reference for the dollar exchange rate makes it a reliable tool for payment, settlement and retention. At the same time, MenaPay will be able to offer simple and practical solutions with a high-quality interface for Arabic. Exclusive SDK portfolios, desktop and cellular computers, and easy-to-use control panels will be developed and implemented.
How does MenaPay work?
We create new standards in the Crypto industry for participatory returns, apart from regular incentives for users and investors.
- P2P transactions
- Peer Payments to P2M Merchants
- M2F Merchant to Foundation
- Green Mining
Website and documentation
The project's webpage is available in three languages: English, Chinese and Arabic. The design is very interesting, designed qualitatively. There are answers to all questions that might attract investors. All Links Work in the lower right corner of the screen is a mini chat table. This site also includes a 2-page presentation document
Team
This project is not afraid to place all of its employees on the network. This site has 40 board members and 24 working group members who have links to profiles on LinkedIn
Social network
At present, this project is very popular among users and continues to actively develop its success. Until now (August 19), the official Telegram group - 15,935 participants, Instagram - 2305 Facebook - 3685, 15300 Twitter, Youtube - 8536. This blog is active in that area.
Token
The name of the new currency is Mpay. In total, this system will have 400 million tokens, of which 256 million will be prepared for sale. The price of the token during the sale is $ 0.165 per unit. Lower costs are $ 5 million, the upper limit is $ 25 million. This project is registered in Dubai and is not prohibited anywhere. The exact date of sale is still unknown, but, based on information on the road map, sales are planned for November.
MENAPAY MENACASH will be a token that will be used in the MENAPAY platform which will receive full support from USD and will also be used for transactions on the MENAPAY platform. This will be used to distribute the entitled income and profits for all holders of the token
MENAPAY put in some features to make 1 MENACASH equal to 1 USD that traders can cash from the MENAPAY foundation.
TOKEN DISTRIBUTION
64% allocated to public contributors
16% is allocated to team advisors
15% is allocated for marketing prizes
5% is allocated for mining reserves
USE OF FUNDS
5% is allocated for Legal
10% is allocated for Business Development
15% allocated for operations and administration
30% allocated for development and infrastructure
40% is allocated to Marketing
General information
Type of token - ERC-20
Network - ETHEREUM
Total Supply - 400,000,000Mpay
Sales Tokens - 256,000,000Mpay
Estimated ICO price - $ 0.165
Soft-cap - $ 5,000,000
Hard-cap - $ 25,000,000
Roadmap
FEB/2018
1st Round Capital
Team Building
APR/2018
Product Development
Start
Tokenomics
MAY/2018
Draft Whitepaper
Road Show
JUN/2018
ICO Web Site Live
Foundation
Establishment
AUG/2018
MenaCash Transaction Tests
SEP/2018
Mobile App
Beta Test Ready API & SDK
OCT/2018
Mobile Payment Apps Grand Launch Merchant Tools Launch
NOV/2018
Public Token Sale (ICO)
DEC/2018
Listing on one of the top 10 Exchanges
JAN/2019
50 Merchant Integration (LOI Signed)
APR/2019
New Security Feature:Face Recognition
MAY/2019
Reaching 5 Million MenaPay Users
JUN/2019
500 Merchant Integration
AUG/2019
Reaching 5 Offices in MENA Countries
SEP/2019
Up to 10 Languages Support for MenaPay Merchant Network
OCT/2019
Parental Control for Family Accounts
NOV/2019
MenaPay in Asian Countries and reaching 1.000 Merchants
DEC/2019
Advanced AI Features:
P2P Lending
Payment Installment
TEAM
The conclusion
MenaPay is the first system unit based on a payment gateway with full support from the Middle East and Africa. MenaPay replaces traditional payment methods with encrypted strings that are fully compatible. It provides a secure and transparent payment gateway that guarantees transactions for all aspects of daily life. The MenaPay project was launched in November 2017 as a result of the main payment method for 420 million people in 18 countries. MenaPay will distribute 75% of total revenue and benefits among MenaPay owners. at the sectoral level, new standards are created based on the profitability of participation in encryption, in addition to the usual incentives for users and investors
For more information visit:
Website: https://www.menapay.io
Facebook: https://www.facebook.com/menapayio
Twitter: https://twitter.com/menapayio
Telegram: https://t.me/MenaPay
Ann Threads: https://bitcointalk.org/index.php?topic=4884588
Author Audrey
Btt: https://bitcointalk.org/index.php?action=profile;u=913491
Wallet: 0x52242EF3Dcc07135c5176aC7bD9412Cf783253C9