Blockchain technology and cryptocurrencies exist only about ten years, but have already been able to win the trust of many people and organizations. This new technology has many advantages, so many companies are implementing them in their work. Everyone has their own interests to use cryptocurrencies. Someone wants to securely store their funds, and someone to increase them. In Muslim countries, people live according to Sharia law, so they are not allowed to earn income with interest or receive income from the sale of cigarettes, alcohol and other harmful substances. The Sharia allowed income only from investments in real business, and the agreement must be concluded in the presence of two witnesses.
Almost 2 billion people in more than 120 countries worldwide are Muslims. Especially many Muslims live in the Middle East and North Africa. Residents of Islamic States almost all live under Sharia law, so they do not use payments with mobile phones or Bank cards. Most people from this region do not have enough knowledge about cryptocurrencies and do not know what benefits they can bring. All this has a negative impact on the work of financial institutions.
However, the technology of the blockchain is not prohibited by the laws of Sharia, because each transaction is confirmed by at least 3 people. Many people who profess Islam support this technology because it is transparent and does not meet the requirements of Islam. In order to attract Islamic countries to the market of digital assets and to ensure the development of e-Commerce and the financial system as a whole, a project called MenaPay was developed.
MenaPay is a platform that will enable residents of Islamic States to use cryptocurrency to pay for everyday products, goods and services. The platform will be useful for all parties of the financial system. This includes users, sellers of goods, various companies, stores, and service providers. MenaPay will carefully check each notification to the user. Each participant of the platform will be obliged to provide all necessary documents. Only after checking the documents will the user be able to perform various actions on the platform.
Regular users can register on the platform using their mobile devices. However, it should be noted that registration on the platform is available only to those who have reached the age of majority. The developers plan to add to the platform the possibility of parental control, which will allow parents to dispose of their children's funds.
Transactions on the platform will be conducted using MenaCash tokens. This coin will have a stable exchange rate, the price will be equal to 1 us dollar. The use of blockchain technology will make transactions fast and secure.
To implement their idea, the developers conduct an ICO. On ICO you can purchase a second token platform MenaPay. The second token gives you the opportunity to receive income from the platform. The start of public sales is scheduled for February 2019.
I believe that a platform that provides an opportunity to pay for goods and services safely and transparently without violating Sharia law will be able to attract a large audience. Digital money can become a part of the daily life of the inhabitants of Islamic States thanks to this platform. The head office is located in the UAE, which is also an important factor for a good start.
More information you can find on these links:
WEBSITE: https://www.menapay.io
TELEGRAM: https://t.me/MenaPay
WHITEPAPER: https://menapay.docsend.com/view/pwjr8rt
ANN THREAD: https://bitcointalk.org/index.php?topic=4884588.0
FACEBOOK: https://www.facebook.com/menapayio
TWITTER: https://twitter.com/menapayio
MEDIUM: https://medium.com/menapay
REDDIT: https://www.reddit.com/r/MenaPay/
INSTAGRAM: https://www.instagram.com/menapay
YOUTUBE: https://www.youtube.com/channel/UC56eU1zaQh2S8k7TB4S2RjA
GITHUB: https://github.com/menapay
Bitcointalk username: ressel
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1992083
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