Blockchain to assist 420 million people on the Mena Region
Hunter's comment
Menapay its a project aiming to disrupt and democratize the banking and payments systems at the Mena Region. There are 420 million people living in that region, most of them are poor and without conditions to have banking service, practice of Islam, large distances between facilities, high taxes, fractured and week system that uses multiple currencies and poor banking system are some of the biggest problems that cause slow development on the communities. Menapay wants to disrupt that, using a fully backed blockchain-based payment gateway in the Middle East and Africa to replace traditional payment methods.
What really is Menapay and MenaCash?
It's a blockchain-based payment gateway which uses a stable coin (backed by USD dollars, called MenaCash) as the standard method for payment on the Menapay platform. Cryptocurrencies are still very volatile, the team choose to use a stable coin because improves cash-out concerns and problems, but also brings transparency among users, they will always be sure that 1 MenaCash
will always be equal to 1 dollar.
Special Features:
ERC20 token;
Green Mining - Users may be awarded Menacash ERC20 tokens using peer to Merchant transactions;
Redistribution for Hodlers of 75% total revenue and profit;
The team behind this project ensures MenaCash will work via a private blockchain solution to eliminate volatility and bring speed to transactions.
To Know more about #Menapayio follow the links bellow.
Links
website www.menapay.io
Telegram @MenaPay
email [email protected]
twitter @menapay.io
Contributors:
Hunter: @MundoMoedas