MENAPAY: A CASHLESS PAYMENT

INTRODUCTION

Presently, The traditional financial system instruments such as banks, credit cards, debit cards and cash suffer from the lack of security, slow and inconvenient ways of transaction. The traditional financial institutions spend huge amounts of money and resource to prevent fraud but none of them fully succeed. The only way to solve all these problems that current banking and payment systems have, till a better technology comes out is through Blockchain.

MenaPay Token Holders will be the nucleus of a huge community to disrupt traditional banking system in MENA and will create the most advanced financial system which will cover the entire region with compliant, transparent and decentralized structure.

Payment Problems in MENA

Dependent Central Authorities: Because there are trust issues and high inflation risks, people mostly do not prefer to hold their money in the national banks of their countries.

Solutions with MenaPay
Blockchain technology, solves any trust or dependency problems that might occur by its nature. All the savings are recorded on the blockchain and can’t be changed by anyone. The MenaPay project also belongs to the community, it’s designed to sustain forever.

Counterfeit Money Problem
Counterfeit money is a serious problem especially in North Africa and the north part of the e Middle East, where people have plenty concerns about fraud.

Solutions with MenaPay
Digitalized and stable currency MenaCash of the MenaPay Platform will also be a solution for this common concern.

MENAPAY
MenaPay focuses on MENA as its primary market. It is fully compliant with finance rules which are very important in the region to provide a convenient and trustable digital payment solution. Blockchain technology meets the requirements of finance rules about money transactions between parties and earnings from the investments.MenaPay allows users to transfer money within daily life in a secure, fast and decentralized way.

MENAPAY COIN
In the process of creating MENA region’s first blockchain based common payment system, MenaPay Foundation will collect the necessary funds with an ICO, which is a safe and innovative way of fundraising.
Total Number of Tokens 400 Million
Tokens Available 256 Million ( 64%)
Soft Cap $ 5 Million
Hard Cap $ 25 Million
Payments Method Accepted ETH,BTC,LTC,BCH,WAVES,USD,EURO,WON
Token Format Ethereum ERC-20 Standard

CONCLUSION
MenaPay’s products are also designed with excellent user interfaces, advanced data tools for both users and merchants to disrupt not only cash dependent payment system but also old fashioned banking tools.

Link to MenaPay one pager: https://www.menapay.io/onepager.pdf Link to MenaPay website: https://www.menapay.io @Menapayio

Authors Details
Bounty0x Username: Elmichaels