THE FUNCTIONALITY OF MENAPAY

ifykiki (43)in #trading • 6 years ago (edited)

INTRODUCTION
Menapay is a platform that was born out of the research that indicated that local and traditional method of banking is the only method adopted in the MENA region. This type of transaction is characterized by time and energy consumption. This platform has the target of Menapay has the target of becoming the biggest solution of payment without employing bank but rather using blockchain approach to create great income for all its investors.

HOW IT WORKS
men hiw.PNG

MEASURES PUT IN PLACE FOR THE ACTUALIZATION OF THESE TARGETS AND OBJECTIVE
Numerous plans have been put in place to ensure that menapay becomes the first and ever the best platform for the transaction in MENA region and even throughout the globe. Part of these plans includes:

1. Establishment of a coin that is stable
There are some dangers associated with making payment with crypto-currency but all those dangers have been tackled in the coin provided by menapay. This coin is tagged menaCash. This menaCash token that has a ratio of 1:1 with the US Dolar and with this the coin become stable compared with other coins. This token takes its flow via an ecosystem that is private which is made up of transactions involving peer to peer and peer to merchant.
2. KYC
To prevent the performance of activities illegally on this platform uses a safe network for customer service, Menapay uses Know Your Customer (KYC) technique. All merchants, and investors have access to a process of KYC with details.
3. Provision of a wallet which can be accessed with a mobile app
The application is made to serve as every user's wallet. When this app is downloaded, the and registered, the wallet that is unique is therefore created.

mena app.PNG