MenaPay: The First Islamic Cryptocurrency Based On Ethereum Blockchain

barie (6)in #ethereum • 6 years ago (edited)

MENAPAY REVIEW

Cryptocurrency was developed out of the zeal to create digital currency and an advance electronic cash system that uses P2P network to obstruct or stop double spending. The current economic situation shriek for a decentralized virtual currency with no center of authority to regulate it.

Menapay is a crypto ecosystem that is developed with the main purpose of serving financial needs of Middle East and Africa which is build on blockchain technology.

The objectives of the project is to assist 18 countries with a population of 420 million up to the whole world at a large.

It's an ecosystem that enables P2P transaction amidst users on the platform. Individuals will have the ability to purchase and pay the merchant for the purchases via the P2M payment option. M2F payment option will also be available to enable merchants pay for the foundation for services and benefits or advantages they enjoy on the platform.MenaPay holders have to convert their token to MetaCash via MenaPay foundation. The foundation then makes it possible for them to convert to their MetaCash to cash.

Menapay platform enables holders to mine and such holders will be rewarded with Menapay token for each transaction that takes place amidst both user and (merchant)on the platform.

As a Fintech application, MenaPay's desire is to be the chose and fastest payment method of it's focus population. The platform is disrupting their financial processes with a new standard. Individuals pays for bank charges and
commission fees but MenaPay promise to shear profit with MenaPay holders.

BENEFITS OF THE PLATFORM TO THE HOLDERS.

As a decentralized blockchain technology, it provide users a secure and transparent
ecosystem for swift transaction.

The development of application enables users to convert MenaCash token to cash through MenaPay foundation.

MenaPay crypto was developed to be stable, backed by U.S dollars(1 MenaCash is equal to 1 U.S dollar) unlike other cryptos.

MenaPay application is a user friendly app which will be available for both mobile and desktop.

The app will be available with Arabic language features and many other features such as green mining since the target market was the Middle East.

MENAPAY TOKEN

The token is an Erc20 token built on Ethereum Blockchain to be used as means of payment and to shear profit and revenue on the platform MenaCash is the token to be converted to cash and available for withdrawal on the platform.

MENAPAY SOCIAL MEDIA/WEBSITE