MenaPay - Change the financial industry by crypto

According to Whitepaper: MenaPay aims to become the most commonly used cryptocurrency in the MENA region. Focusing on 18 countries [1] and 441 million [2] people, MenaPay carries the mission of becoming the largest non-bank payment solution by using blockchain technology while generating significant returns for the investors. The business model that you can review in detail in this paper will create a whole new standard in crypto industry by distributing 75% of total revenue among MenaPay Token Holders.

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And you can see, This is called Mena region. The Middle East and North Africa region includes 18 countries and approximately 441M population. The region officially speaks two languages. 359M (81% of the region) people speak Arabic and 81M people speak Turkish. 93% of the region practice Islam religion. The population here is mainly Muslims and the country is very economically developed, especially in banking and finance.

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MenaPay is the first blockchain based non-bank digital payment gateway for building the biggest cashless society in the world. It focuses on the MENA region primarily. MenaPay allows users to transfer money within daily life in a secure, fast and decentralized way.

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The MenaPay team claim that their product has been developed to comply with the Islamic financial requirements. The MenaPay solution will integrate a stable coin called MenaCash that will be employed for all transactions and payments within the ecosystem. MenaPay envisages the following functionality: P2P transactions, P2M (peer-to-merchant) payments, M2F (merchant -to-foundation) payments to convert MenaCash into fiat currency, green mining. The MenaPay team is also issuing a MenaPay token (MPAY) that is used to distribute the platform’s revenue among token holders. The share will depend on the number of MenaPay tokens in the token holder’s wallet.

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MenaPay has its own stable coin “MenaCash” which is designed to be used in any online and offline transactions for the intention of daily usage. MenaCash has a stable 1 US Dollar value which is warranted by the same amount of USD kept in multiple banks as fiat currency equal to the amount of MenaCash in circulation. MenaCash solves one of the huge problems to use cryptocurrencies in daily life for users; fluctuation. The main objective of the project is to make it possible, easy and secure to transfer money for each and every user by using the advantages of today’s high–end technology, which is a requirement of the new digitized world.

And this is one of the developers of the project (You can see more in their website):

An experienced team in the field of blockchain and in the field of finance and banking, I believe this is the start of a successful project.

This article simply summarizes the basic values of the MenaPay project, and the information is selected in the Whitepaper and website and adds some personal ideas.
You can find more information related to the project such as Roadmap, ICO time, Tokens price ,,, then you can learn more at the links below.

WEBSITE || WHITEPAPER|| ANN THREAD || Bounty threads || ONE PAGER || FACEBOOK || TWITTER || TELEGRAM

Author:
Bitcointalk name: datmacro
Bicointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1780254