Menachain will take advantage of Stellar's potential to generate a p2p and p2m hybrid ecosystem. A new project sees the light in recent weeks, Menachain (@Menapayio) . Today we present exclusively in Reddit an article explaining the MenaChain project. A developed ecosystem capable of harnessing the potential of the block chain for global remittances and trade, both local and global.
The ecosystem is developed on the Stellar platform as a chain of blocks with permission. This detail seems to have been carefully considered, since it is a chain of blocks very favorable to international shipments of remittances. The nodes will be accessible to the corporate entities designated by the MenaPay foundation. Stellar is preferred, since it offers an easy development environment and is developed as a payment system that uses the JavaSDK, Android SDK and IOS of Stellar. The speed of the network has also had a lot to do, the settlement time is fast, 2-5 seconds; which favors transboundary global instantaneous movements by reducing 99.9% in waiting to receive payments.
*Companies that have the right to be resellers and listed in the reseller app can easily make sales through MenaCash (an application for resellers designed especially for sales in MenaCash).
*On the other hand, the ecosystem is expanded with a panel of merchants, a web application developed with React and Java Spring Boot.
*Everything possible through the Menapay wallet that provides the user with multiple functions.
An commercial ecosystem capable of diluting borders between peers. The objective seems to be that of a digital ecosystem that replaces the existing one, for this there is a prepared transition. Adapt to the habitual conditions of the users and little by little digitize the financial customs of the population.
For this, the generated ecosystem puts in the hands of all parties the most advanced technology of the last years at the level of the buying / selling ecosystem. This generates the ability to add another revenue channel to existing businesses without suffering a sudden digitization of their services; I reduce the impact on the client and secondly educating users and merchants.
The options are immense, being able to be part of the ecosystem all type of commerce and services; technology can be provided to the "internet coffee", exchange houses, markets and shops, jewelry stores, department stores and all kinds of usual services in our lives; how can suppliers be retailers.
A multi-purpose wallet will put the entire ecosystem in the palm of the users' hand
The Menapay mendero functions will be very varied as they describe in their whitepaper, it seems that the future of the new applications is to open an entire ecosystem within the wallets. Menapay as a wallet, joins this current of offering everything to the user in the palm of his hand; let's see some of the functions of the Menapay wallet.
Buy MenaCash from Resellers or the MenaPay Foundation.
Send / receive MenaCash from user to user (p2p) at any time.
Explore the network of Resellers on the map to choose where to buy.
Buy using QR code, phone number, barcode or wallet.
Identification of provided merchants.
Related & interesting links:
https://www.reddit.com/r/MenaPay/
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