MenaPay - Crypto Made Easier Than Cash

Blockchain is the revolutionary technology in the history of mankind. It's immutable, incorruptible and unhackable nature makes it more superior than any other technology. Every businesses/companies are need to adopt these technologies if they want to survive in the market. Blockchain provides high speed, secured, reliable and low cost transactions.

For Muslims following cultural values with spiritual ethics is considered as paramount. Residents of Middle East and North Africa (MENA) region profess Islam. Here every government and financial proceedings will be done in accordance with the Islamic Finance Rules and faith. According to the Islamic rules:
• earning profit via interest is prohibited
• every debt transactions must be completed in the presence of at least 2 witnesses
• earning money via money is only be possible if the investment is done in real business/asset

That's why every financial and e-commerce operations should be compliant with the above rules.

Blockchain technology requires at least 3 parties to confirm the transactions and thus blockchain meets the requirement of Islamic finance. But this is not enough to form the Islamic finance structure.

MenaPay has developed a governance model on the blockchain for digital payment solutions which is fully comply with Islamic finance rules and faith.

Project objective

The main aim of the project is to develop a blockchain technology powered digital payment solution for MENA region, which is fully comply with Islamic finance rules. Thus MenaPay allow users to make digital payments in day-to-day activities at faster rate with low transaction fee.

Principle of operation

MenaPay is the first blockchain powered non bank digital payment platform, focused mainly for MENA region to provide cashless payment solutions. MenaPay will bring a digital transformation in the region. MenaPay provides faster, reliable and highly secured digital payment solution, which mainly focused on daily life transactions.

As MenaPay is fully compliance with Islamic finance rules, it provides a digital platform for large community of consumers and merchants. MenaPay becomes the primary payment choice for e-commerce, online/offline payments, P2P and cross border transactions.

MenaPay uses MenaCash, a stable cryptocurrency on the MenaPay platform. MenaCash has a stable value of 1 US Dollar and the amount of circulation coins are equal to fiat currency amount kept in multiple banks. MenaCash will be used for daily life transactions between merchants, users and foundations; termed as P2P, P2M & M2F.

MenaPay also has MenaPay Token, which is a utility token with 400 million circulation volume. MenaPay Token will be used to distribute the revenue share of the platform between token holders. MenaPay Tokens can be purchased presently in the ICO and from the exchanges after the ICO.

Every MenaPay members should be registered after completing their KYC verification.

ICO details

• Token price: 1$
• Tokens available for sale: 256 million
• Softcap: $5 million
• Hardcap: $25 million
• Public sale start date: February 2019

Token distribution

Conclusion

MenaPay will bring a digital transformation in the MENA region. MenaPay's blockchain platform is fully compliance with Islamic finance rules and faith, so that people can use it in their daily life payment transactions. Thus residents of MENA region can make digital payments for e-commerce, micro payments and for cross border transactions. It is worth noting that MenaCash coin has stable value of 1 USD, it is free from any market fluctuations. MenaPay will distribute it's revenue between token holders is also a good thing. It is a very promising project to invest.

Learn more about MenaPay:
Website: https://www.menapay.io
Read Whitepaper: https://menapay.docsend.com/view/pwjr8rt
ANN thread: https://bitcointalk.org/index.php?topic=4884588.0
Telegram: https://t.me/MenaPay
Facebook: https://www.facebook.com/menapayio
Twitter: https://twitter.com/menapayio
Medium: https://medium.com/menapay
Instagram: https://www.instagram.com/menapay
Reddit: https://www.reddit.com/r/MenaPay/
YouTube: https://www.youtube.com/channel/UC56eU1zaQh2S8k7TB4S2RjA
GitHub: https://github.com/menapay

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Bitcointalk username: Abhijeetcg
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ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d