I think Stable coins are going to be the key to mass adoption. But they do usually have a huge amount of interest by the speculative majority of people in this space. And of course, there is always the drama that comes along with a lot of them. But here comes MenaPay with a dual coin system and MenaCash the stable coin. They are putting a massive focus on merchant adoption. this is very evident in their roadmap. Showing that they want 50 merchants onboarded just after ICO.
Then to ten times that number just six months later at five hundred merchants on the system! The main thing that I have witnessed is that they are not just focusing "paper partnerships" that don't really bennifit anyone but being able to add it to the website under "partnerships". But they are focusing on real merchants and in that region. Not a 200 store grocery chain in Europe that will add the token to a cash machine in the future or something. But That 20 store grocery chain that's in the MENA region. This is the thing that will push real mass adoption. This is going to finally be what you can use to "pay for your coffee". They are not going after Starbucks, but going after the 20 smaller competitors in the MENA region creating a real regional community. Eventually forcing Starbucks to come to them asking to be added to their platform. Similar to Wechat, or Whatsapp. While most people in the West have never even heard of them, they are doing 9 million transactions a day across China. If you are a western company trying to make it in the Eastern market you had better be able to accept those payment types or you're closing up shop.
So by focusing on regional merchant chains and on ease of acceptance at those merchants as well as making all aspects of the merchant's experience being not only easy and seamless, but faster and cheaper than having to deal with credit cards or banks. most merchants have to wait up to 30 cays to get their fiat from credit card transactions. Merchants accepting MenaCash can cash out and have their fiat in Within 24 hours! And they are using third-party auditors to check them and transactions. So cheaper for merchants, 30 times faster payouts, and more trusted and secure. sounds like crypto is not only being made easier than cash but better for all parties involved. check them out at https://www.menapay.io
By: Babylontreker
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