An Introduction To MenaPay.
INTRODUCTION.
The inception of the blockchain technology made the housing of cryptocurrency possible because just like banks cannot operate without fiat money, the blockchain technology which is mainly created as a financial tool cannot run its operations and maintenance without a form of currency and thus cryptocurrency was formed.
However, the blockchain technology and cryptocurrency has even more benefits that it offers to potential investors compared to bank and fiat currency and it is to this reason that some crypto enthusiast are making global campaigns such as airdrops, bounties and holding blockchain conferences so that the masses can see the uniqueness of the blockchain, adopt it and disrupt banks and its system.
In terms of being a unique financial tool, the blockchain technology surpasses every current financial tool as it is culled from the internet making its services unending, making what it can achieve unending.
The blockchain technology possesses three main qualities which are;
Security
Fast transaction speed and,
Transparency.
By means of boosting up these campaigns, blockchain/cryptocurrency related tools have been created by experts of this field, tools such as cryptocurrency exchange, enhanced blockchains, crypto wallets, coin trackers e.g coinmarketcap.com and these tools have indeed worked tremendously in boosting the massive adoption of cryptocurrencies.
However a highly unique blockchain boosting related tool is been created by the MenaPay Foundation, this tool is known as MENAPAY.
MenaPay is the first blockchain based non-bank online payment gateway for building the biggest cashless society in the world, it focuses primarily on the "Mena" region.
Actually, the phrase "Mena" is an acronym referring to the Middle East and North Africa which is an extensive region stretching from Morocco to Iran with an estimated population of about 400 million.
Why does MenaPay Foundation focus mainly on this region.
If you do your research on the Mena region, you'd notice that these areas are well dominated by the islams there are more Islamic states and islams, in terms of finance, have a law against generating profit via interest and thus all of the islams in this region don't make use of banks but carry their cash around even when executing finance transactions and that is not conducive as they could easily get robbed and lose funds.
With the implementation of MenaPay in this region, the islams can comfortably run financial transactions securely, fast and MenaPay also respects the financial law that the Islamics go against.
CONCLUSION
MenaPay aims to be integrated into every possible business model both future and present industries, assist the areas in the Mena region to know what the blockchain technology offers become literates of this unique tool and also lift off the burden of always running all their dealings in cash but create a decentralized, secure and hassle-free payment method.
For further information on this project pls relate to the links below;
Website: http://www.menapay.io
Whitepaper: https://menapay.docsend.com/view/pwjr8rt
Bitcointalk Ann. Thread: https://bitcointalk.org/index.php?topic=4884588.0
Telegram: https://t.me/MenaPay
Writer's Info :- Iyke