OVERVIEW

The core aim of cryptocurrency (digital assets) is to serve as payment for individuals, corporate bodies, companies, merchants, retailers, and many other e-commerce sectors globally. However, Cryptocurrency is an unlimited solution for countless issues that are encountered in the traditional financial services. We all know that the transaction fees of cryptocurrency are extremely low as compared to fiat (government issued currencies) but its usage is still on the low side. Why because countless organizations, financial institutes, and many other e-commerce sectors are yet to adopt its usage. This is one of the major reasons why #menapayio has to revolutionize to create an awareness of its usage (MPAY) by developing a decentralized platform that will serve the MENA region through blockchain technology, thereby focusing on eighteen (18) countries and four hundred and forty-one million (441,000,000) individuals globally. @menapay will also focus on a payment resolution for those who reside in the Middle East and Africa region at large.
Nonetheless, because of religious motives, and the underdevelopment of the banking sector in the MENA region, approximately 90% of the MENA populace are unbanked. For #menapayio to be able to operate in the MENA region, the @menapay platform will solely be acquiescent with the Islamic values.
In the traditional payment system, transaction fees can take up a considerable percentage of income when they add up. Most online shops charges as high as 2.3 to 2.5% said CardFellow, while retail stores that render the point of sales (POS) services charges approximately 2% said SmartAsset. These high fees are caused by middlemen in the financial sectors such as card issuing banks, card network (Mastercard, Visa, Verve and others), and e-wallet providers.
The traditional payment processes require various steps before a transaction is executed from customer to merchant: when a customer places a transaction, it gets to the issuing bank, then to a payment gateway, to credit card association, to a payment processor, and to the acquiring bank before it finally gets to the receiving merchant. This is a long process that consumes a lot of time. However, the MenaPay payment processes are unique and fast from the customer directly to the receiving merchant. This is possible with blockchain technology.
Blockchain technology adopted by Menapayio seeks to eradicate these middlemen by decentralizing money and allowing transparent and anonymous peer-to-peer (P2P) transactions. In a simplified way, the distributed ledger technology is offering a platform where intermediaries like the banks and countless financial institutions services will not be needed to exchange value. With third parties being pushed out of the race, transaction charges could become a thing of the extinct. The blockchain payment system provides a better, safer, and more transparent experience for the adopters and their customers. This is the kind of services Menapayio platform will be rendering to their platform users. You can chat openly (group chat) or privately (private message) with Menapayio experienced Admins on Menapayio Telegram and they will attend to you in a lightning speed.

INTRODUCING MENAPAY

What is MenaPay?
MenaPayio is the first blockchain-power-driven payment solution and gateway that is focused at nations in Africa and the Middle East, with a major priority focus on the MENA region. MenaPayio has created an exclusive payment solution that can integrate with existing platforms to provide a cryptocurrency payment choice. The core objective is to have MenaPayio rendering services to over four hundred and twenty million (420,000,000) individuals in 18 nations in African and the Middle East. The MenaPayio platform will establish an innovative standard in the crypto space outside the traditional incentives that are known to everyone. Take a brief watch of the video below.

The MenaPayio platform permits transactions on a blockchain with extremely reduced transaction charges that are not inclined by the instability of digital assets, it is faster and extremely secure than the traditional payment gateway.
The MenaPayio platform is architected in a way to solve the problems that traditional payment and banking system has, thereby creating a means of eradicating the requirements of carrying physical cash and the recognition of counterfeit currencies. The MenaPayio is designed for the convenient, fast and secure payment option for those who do not prefer banks and bank products such as debit and credit cards.

DIFFERENCE BETWEEN THE TRADITIONAL PAYMENT AND MENAPAY

The MenaPayio platform is decentralized (it does not have any governing authority) while the traditional payment system is centralized (it has a regulatory authority)
There is no necessity in a high budget for security on the MenaPayio platform, but there is in the traditional payment.
Instant cash withdrawal is possible on the MenaPayio platform which is not possible with traditional payment.
The MenaPayio platform incurs extremely low commission fees that are not possible with the traditional payment that incurs very high commission fees.
Intercontinental transactions are very fast, convenient and secured on the MenaPayio platform because it utilizes the blockchain technology but that is not achievable with the traditional payment system which takes longer time. Visit MenaPayio medium platform for detail information.

MENAPAY PLATFORM FEATURES

Peer-to-Peer (P2P) transactions: all MenaPayio platform users will be able to transfer funds and digital assets between individuals. That is Mr. X can transfer funds or crypto assets to Mrs. Y instantly.
Peer-to-Merchant (P2M): the present payment gateway is obsolete, time-consuming, incurs high transaction fees and complicated. This is why MenaPayio has made it possible for merchants use the MenaPayio SDK and API to integrate MenaPay as a means for their payment gateway to transact business directly with their customers.
Merchant-to-Foundation (M2F): with this feature, merchants can instantly withdraw cryptocurrencies from MenaPay foundation.

MENAPAY SOLUTION

The integration of blockchain technology in the MenaPay platform will facilitate direct connections of customers to merchants.
Merchants who decide to use the MenaPayio platform will have access to integrate MenaPay as a means of payment gateway on their platform.
In order to eradicate the challenges with cryptocurrency volatility, MenaPayio has introduced MenaCash as a coin which is one hundred percent (100%) backed by the United State dollar (1 MenaCash = $1). This coin will be used as legal currency and as a means for transactions on the MenaPayio platform.
MenaPay platform will support thirty (30) major government-issued currencies (fiat) as a means of payment in the initial stage of the platform.

MENAPAY PAYMENT APPLICATION

The MenaPayio application is available in the mobile and desktop application platforms. Wallets can be created in the application by registering on the MenaPayio platform with your phone number which automatically creates a unique wallet for you. But other wallets can be added if need be after the creation of the MenaPay wallet. If you are already registered on the MenaPayio platform, you can perform the following activities:

Purchase MenaCash from any Reseller and from the MenaPayio Foundation.
You can send and receive MenaCash to and fro from another MenaPay application user.
You can view the Reseller network on a map in the MenaPayio application, thereby making a choice of where to purchase MenaCash from.
You can shop by using the MenaPayio application QR code, phone number, barcode or the provided wallet ID of the merchant within seconds.
You can view the retrospective transactions report.

MENAPY GREEN MINING

This mining system is quite different from the normal conventional mining of cryptocurrencies. This is a system whereby MenaPayio rewards individuals either holders of MPAY or not who makes transactions (using MenaCash) using the MenaPay payment system from their application (wallet). This process is called Proof of MenaCash Transaction (PoMT).

THE MENAPAY TOKEN AND MENACASH

The MenaPay token and the MenaCash are both native digital currencies of MenaPayio that will be used across the MenaPayio platform for different purposes. The MenaPayio token "MPAY" is an ECR-20 standard token on the Ethereum blockchain that will be used to allocate the revenue share of the MenaPayio platform among MPAY holders according to the particular amount in the holder's wallet, it can be purchased from listed exchanges after the completion of the initial coin offering (ICO).
However, the MenaCash is a coin minted based on the MenaChain private blockchain that does not fluctuate in price like other cryptocurrencies, and its equivalent to the United States dollar (USD) – 1 MenaCash = $1. The **MenaCash will be used all transactions on a daily basis across the MenaPayio platform between P2P, P2M, and M2F (merchants can convert MenaCash to fiat for withdrawals).
In summary, this implies that the legal currency to be utilized on the MenaPayio platform is the MenaCash like money is to PayPal platform, Yuan is to WeChat pay and AliPay platform.

MENAPAY TOKEN INFORMATION

The MenaPayio platform will allot 75% of the entire income from transaction fee to holders of the MPAY.

TOKEN NAME: MENAPAY
TOKEN TICKER: MPAY
TOTAL SUPPLY: 400,000,000 MPAY
TYPE: ERC-20
SOFT CAP: $5,000,000
HARD CAP: $25,000,000
TOKENS FOR SALE: 256,000,000 MPAY
ICO TOKEN PRICE: 1MPAY = $0.165
NOTE THAT ALL UNSOLD MENAPAY TOKENS WILL BE BURNED.

ROADMAP

CONCLUSION

With this new unique innovation brought about by the MenaPayio platform, I see the world, not just the people MENA region in the near future going smartly cashless and eradicating fake (counterfeit) cash and the risk involved in carrying a bulk of cash publicly. With this opportunity to digitize payment system in all parts of our day-to-day usage; life expectancy will be phlegmatic for MPay holders. Merchants will be up and doing with the shopping business.