MenaPay ICO (Mpay Token): Blockchain Cryptocurrency Payments Gateway?

The main purpose of crypto is to serve as payment for people around the world. Crypto is a borderless solution for many of the issues that face the traditional financial services. These crypto coins have gained a lot of attention globally. However, the use case is still low even though crypto transactions cost less than those in fiat. Crypto is yet to be adopted by most merchants, and this is why MenaPay was created. It will focus on a payment solution for people in the Middle East and African region.

The Current Challenge In The MENA Region

Right now, the population of the MENA region is highly unbanked. Up to 86% do not use banks due to religious reasons and an underdeveloped banking sector. The MenaPay platform will be compliant with Islamic values.

What Is MenaPay?

MenaPay is a blockchain-powered payment solution and gateway that is targeted at nations in Africa and the Middle East. It has created a unique payment solution that can integrate with existing platforms to offer a crypto payment option. The goal is to have MenaPay serve more than 420 million people in 18 nations in African and the Middle East.

MenaPay is a user-friendly app that will offer support for Arabic, one of the most spoken languages on earth. The platform will initiate a new standard in the crypto world on ROI beyond the usual incentives that investors know.

MenaPay Blockchain Cryptocurrency Payments Gateway Features

P2P Transactions

Users will be able to use MenaPay to transfer funds and crypto assets among themselves.

P2M Transactions

Merchants globally can integrate MenaPay as their payment gateway using SDK and APIS offered by the MenaPay team.

M2F Transactions

Merchants will be able to withdraw crypto assets.

The Current Payment System

The existing payment gateway is outdated. It is complicated and can be time-consuming in some cases. Besides that, it might require high fees before the user payment reaches the merchant.

The MenaPay Solution

MenaPay will connect customers directly to the merchants with the aid of the blockchain. Merchants will be able to integrate MenaPay and payment gateway on their platform. Most merchants will not accept crypto as payment on their platform due to cash-out issues and price fluctuations. As a result, the developers came up with MenaCash. This coin is backed 100% by the US dollar. It is going to be used as currency for transactions on the MenaPay platform. On this platform, each MenaCash coin is worth one dollar.

To eliminate the issues of volatility, MenaCash is powered by a private blockchain. This will ensure that transactions are faster than the existing payment gateways like debit and credit cards. The platform will initially accept payments in 30 major fiat currencies. Users will also be able to purchase tokens by making bank transfers, pay on the door, or credit cards.

MenaPay Mpay Token ICO Details

  • The platform will distribute 75% of all revenue from transaction fee to holders of the MenaPay tokens.
  • Token Ticker: Mpay
  • Total Supply: 400,000,000 Mpay
  • Token Type: ERC-20
  • Tokens for Sale: 256,000,000 Mpay
  • ICO Token Price: 1Mpay = $0,165
  • Soft Cap: $5M
  • Hard Cap: $25M
  • All unsold tokens will be burned.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide