MenaPay ICO Review

MenaPay could be a blockchain-powered payment solution and entree that's targeted at nations in Africa and also the Near East. it has created a novel payment answer which will integrate with existing platforms to supply a crypto payment possibility. The goal is to possess MenaPay serve over 420 million folks in eighteen nations in African and also the Near East.

MenaPay is a easy app which will provide support for Arabic, one amongst the foremost spoken languages on earth. The platform will initiate a replacement customary within the crypto world on ROI on the far side the standard incentives that investors know.

MenaPay Problem

The main drawback is in the ancient payment system which needs too several intermediaries. the purchasers and merchants should go through the bank method within the ancient methodology of payment wherever generally charging fee is higher and it takes loads of your time to finish the payment method. As per the, geographic area and continent region, they're not mistreatment regular banking tools attributable to having poor industry and that they have also entered the multiple currencies. alternative drawback is wherever cryptocurrencies can not be used in everyday life transactions attributable to their value fluctuations.

MenaPay Solution

MenaPay can connect customers directly to the merchants with the help of the blockchain. Merchants are ready to integrate MenaPay and payment entrance on their platform. Most merchants won't accept crypto as payment on their platform thanks to cash-out problems and value fluctuations. As a result, the developers came up with MenaCash. This coin is backed 100 percent by the US dollar. it's planning to be used as currency for transactions on the MenaPay platform. On this platform, every MenaCash coin is value one greenback.

To eliminate the issues of volatility, MenaCash is power-driven by a personal blockchain. this can make sure that transactions square measure faster than the prevailing payment gateways like debit and credit cards. The platform can at first settle for payments in thirty major fiat currencies. Users also will be ready to purchase tokens by creating bank transfers, pay on the door, or credit cards.