MenaPay: Blockchain Based Network for Crypto payments
Overview:
It is a blockchain based payment gateway, aiming to provide crypto payments in daily transaction in the middle east and African countries, it issues Mpay tokens in the network. It is backed by well experienced team.
Problem:
With the exponential growth in the usage of blockchain technology, cryptocurrencies became popular in short span of time, even though there are many advantages in the cryptocurrencies, merchants and consumers are not ready to accept it as payments, due to many of reasons like price volatile nature, complex to understand the transactions, anonymous transactions. According to surveys on “acceptance of cryptocurrency payments”. It is found that only 3-5% of the merchants are ready to accept the crypto payments.
In the Islamic countries like middle east and Africa, people are not able access the regular banking tools due to poor banking system and Islamic politics.
Solution:
To solve the issues in crypto payments, MenaPay came up with the solution by providing blockchain based payment gateway. Currently Mena cash is used by 420 million people across 18 Countries. It is serving mainly in Middle east and Africa.
Blockchain ensures transparency in the payment system and provides secure gateway for each transaction. It is aiming to provide single cryptocurrency in the daily usages. It is 100% Islamic oriented, Non-banking digital solution.
Menacash is like traditional fiat currency, i.e. 1 Metacash is always equal to 1 USD, it provides solution by using different ways like mobile wallets, integration of application program interfaces, software development kits.
Token economy:
MenaPay issues Ethereum based utility tokens called “Mpay” which can be used in the internal ecosystem of the network for the payments etc.
Token details:
Token symbol: Mpay
Token type: ERC20
Total token supply: 256,000,000
1Mpay=$0.165
Softcap: $5,000,000
Hardcap: $25,000,000
64% of tokens are allocated to sale
Unsold tokens will be burned
Team:
Tolga Odoğlu- Managing Director
He has more than 17 Years of experience on investment, portfolio management and finance. Management experience for more than 10 years. Blockchain for the future. Worked as derivatives market manager at Meksa Yatırım.
Orhan Bayram- Chief product officer
He was the founder of Quick execution. Worked as managing partner at QEC (Qualified - Extensive, Effective - Connections), and worked as Business Development & Partnership Manager at StartersHub, security general at Mentor effect.
ilker cikrikcili- Chief Marketing Officer
He was the marketing director of GKFX, worked as project manager at Inmora and ASPone ltd and Software specialist in Vodafone IT and expert in Digital Marketing. Forex lead generation. Cryptocurrency trading. Blockchain & ICO Enthusiast. Business Development.
Verdict:
Pros:
• Website is appealing good, it is giving brief idea about the project
• Roadmap is drafted clearly, it shows goals to be achieved till 2019 December.
• Team members are well experienced in their respective fields.
• Partnered with Aslanoba Capital, Altana Wealth Ltd, Bogazici Ventures, Gedik Investment and S4Mining.
• Advisors are experienced in Marketing, IT, Software, Designing, Finance etc.
Cons:
• MVP is not yet released
• Whitepaper is not launched yet.
• Many ICO are there in the market offering same kind of solution
Links:
Website: https://www.menapay.io
One pager: https://www.menapay.io/onepager.pdf
Telegram: https://t.me/MenaPay
Twitter: https://twitter.com/menapayio
Facebook: https://www.facebook.com/menapayio
Medium: https://medium.com/menapay
You Tube: https://www.youtube.com/channel/UC56eU1zaQh2S8k7TB4S2RjA
Bitcoin talk Username: anushkamehta0902
Bitcoin talk profile link: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH address: 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a
Bounty0X username: @anushkamehta