MenaPay The Future Of Money. A Fully Islamic compliant Currency. Focused On The Middle East and North Africa.

Crypto made easier than cash

MenaPay replaces traditional payment methods with a blockchain-based, fully backed cryptocurrency to provide a secure and transparent payment gateway enabling transactions for every aspect of daily life.

Focusing on The Middle East and North Africa, MenaPay is moving in to place to change the financial infrastructure of one of the richest regions in the world. Rich with hard real assets like gold, oil, diamonds and other assets. The MENA region has a GDP of going on three and a half trillion dollars and about for and a half percent of global income. With many foreign and workers in the region working away from home and needing to send funds back to their families. Being charged very high fees. MenaPay will serve 420 million people, across 18 countries, as their primary payment method. Arabic is the fourth most commonly spoken language in the world and has an 86% unbanked population. It is simply an untouched market space for blockchain technology. That unlike other regions is ready to make a move towards crypto and even Leapfrog technology in some places

Regular banking tools are largely not used in the Middle East and Africa Region due to the conservative practice of Islam and the poor banking system. The region also has a very fragmented structure with multiple currencies. MenaPay brings a 100% Islamic, non-bank digital solution, using blockchain to create a single currency to be used in everyday and cross-border transactions.

MenaPay will be doing something no other cryptocurrecy has been able to do. Build an offline reseller network to allow easy entry to the cryptocurrency world. Cryptocurrencies cannot be used in daily life transactions because of their price fluctuations and cash-out concerns. MenaCash, which is 100% backed by USDs, will be used as the currency for transactions under the MenaPay platform. So 1 MenaCash will always be equal to 1 USD and merchants will be able to make cash-outs from the MenaPay foundation. MenaPay also brings easy-to-use solutions such as desktop and mobile wallets, integration APIs and SDKs, reporting and a management dashboard for merchants, all with Arabic user interfaces. The stable cryptocurrency “MenaCash” will work via a private blockchain solution to eliminate volatility and to assure transactions faster than old-fashioned financial instruments, such as credit and debit cards. The tradeable MenaPay token will utilize ERC20 and will be used to distribute the majority of the revenue and profit of the MenaPay platform and will be available for crowd sale. MenaPay will distribute 75% of total revenue and profit among holders of MenaPay. See for yourself and take a look https://www.menapay.io

By: Babylontreker