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MenaPay - Crypto made easier than cash

MenaPay - Crypto made easier than cash
Wednesday, 20 February 2019
Residents of the Middle East and North Africa profess Islam. In this regard, most government agencies, including banking institutions, depend on the influence of this faith. According to the canons of religion:
  • people cannot earn income with interest;
  • each agreement must be concluded in the presence of at least 2 witnesses;
  • obtaining passive income is possible only if you invest in a real business.
All these judgments, which are observed by 97 percent of the residents of the above regions, have a negative impact on the work of financial institutions and e-Commerce. In other words, residents of these countries cannot use Bank cards or mobile applications to pay for goods and services.
However, despite this, many people in the Middle East and North Africa support the use of Blockchain technology. The reason for the positive attitude to this technology is that it requires the participation of at least 3 people to confirm each operation, which meets the requirements of Islam.
That is why, in order to ensure the normal operation of e-Commerce in countries with a Muslim faith, it was decided to create a MenaPay system.

Project objective

The main purpose of the developers is to enable the use of virtual currency to pay for goods and services in the Middle East and North Africa.

Principle of operation

Interaction on this platform will be carried out between ordinary users, sellers, companies engaged in the provision of services, as well as official Resellers. At the same time, in order to become a member of the MenaPay platform, each Of them will have to go through the registration process and provide all the necessary documents. Only after the compliance check the participants will be included in the work of the system.
Registration of ordinary users will be carried out using a mobile phone and will be available only for persons over 18 years. Later, the system will implement a system of parental control, allowing to dispose of funds to young children.
Absolutely all operations in the network will be performed using the internal currency of the MenaCash platform. This currency, unlike most modern cryptocurrency assets, will be stable, and its value will always be 1 us dollar.
This virtual currency can be used for the following types of transactions:
  • P2P;
  • P2M;
  • M2F.
Through the use of Blockchain technology, transactions using this digital currency will have high speed and security.
The second token will MenaPay. This token will be sold within the ICO. The owners of this coin will be able to profit from the work of the site. However, it is worth noting that when using MenaCash coins, traders, Resellers and ordinary users will also be given the opportunity to receive MenaPay tokens, even if they were not the owners of These coins before.

ICO dates and details

In the framework of the ICO will be sold 256 million coins, accounting for 64 percent of the tokens of the whole issue. The start of public sales is scheduled for February 2019. The cost of the 1st coin will be $ 1.
Softcap project - $ 5 million, hardcap - $ 25 million.
The distribution of tokens and funds is as follows:

Conclusion

Given the fact that Blockchain technology, unlike traditional banking institutions, is supported by the Muslim faith, it is safe to say that the MenaPay system can easily enter the daily lives of residents of the Middle East and North Africa. Another fact in favor of this statement is that the main office of this project is located in the UAE, which in turn is the key to a successful start. Also, special attention should be paid to the audience of this project, which is guaranteed to use the services of MenaPay.
If you pay attention to the fact that most of the platform's revenues will be distributed among the owners of MenaPay tokens, it becomes clear that investing in this project is very profitable.

Official resources of the project MenaPay:

AUTHORSHIP:
GPScrypto

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