What is MenaPay?
MenaPay is the first blockchain based non-bank digital payment gateway for building
the biggest cashless society in the world. It focuses on the MENA region primarily. MenaPay allows users to transfer money within daily life in a secure, fast and decentralized way.
MenaPay focuses on MENA as its primary market. It is fully compliant with Islamic
finance rules which are very important in the region to provide a convenient and trustable digital payment solution. Blockchain technology meets the requirements of
Islamic finance rules about money transactions between parties and earnings from the investments.
Three major statements in Islam are highly important in the region;
• Interest is prohibited. People can not generate profit via interest.
• There should be at least 2 witnesses to approve any debt transaction between 2 parties.
• Earning money via money is allowed if and only if people invest in a real working business and/or asset.
On blockchain structure, at least 3 parties are needed to confirm the transaction. It cannot be deleted or rearranged by any individual or a central authority after a transaction has been confirmed. In that sense, blockchain technology meets the needs of Islamic finance. Sure, that is not enough to form an Islamic compliant structure. MenaPay governance model has been developed in order to comply with all aspects of Islamic finance and it supports the digital transformation of the region.
MenaPay focuses on building a large community of consumers and merchants who prefer MenaPay as their primary method of payment for any digital business such as
e-commerce, and any online/offline or traditional P2P transaction for each aspect of daily life, including P2P cross border transactions. MenaPay can be used in various places, restaurants, coffee shops, shopping malls, gas stations, vending machines;
shortly in every possible money transaction activity. Basically, MenaPay aims to be
integrated in every possible industry.
Token Details
Supply-: 400M Mpay
Tokens for sale-: 256M Mpay
Ico price-:$0,165
Softcap-: $5M
Hardcap-: $25M
Roadmap
The project started in Nov 2017. The public token sale will be held in Nov 2018 (Ico). After ico it will get listed on one of top 10 exchanges. Security features such as Face recognization will get added in April 2019. By mid 2019 they have a goal of reaching 1 Billion dollar market cap. 500 merchant integration in jun 2019. After that, they will be adding support up to 10 languages in September 2019. Also up to the end of 2019 they will be expanding their business to AI-powered p2p lending platforms.
#Menapayio
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