My Blog About Blockchain: MENAPAY - First Blockchain Based Payment Platform

About Menapay

MenaPay is the first, fully backed blockchain-based payment gateway in the Middle East and Africa. MenaPay replaces traditional payment methods with a blockchain-based fully backed cryptocurrency. This provides a secure and transparent payment gateway to enable transactions for every aspect of daily life. The MenaPay project was started in November 2017 to serve 420 million people, across 18 countries, as their primary payment method. MenaPay will distribute 75% of total revenue and profit amongst holders of MenaPay. It is creating a new standard in the crypto industry for the level of participatory returns, beyond the regular incentives for users and investors.

How MenaPay works?

We are creating a new standard in the crypto industry for the level of participatory returns, beyond the regular incentives for users and investors.

P2P Transactions
P2M Peer to Merchant Payments
M2F Merchant to Foundation
Green Mining

Solutions for Using Cryptocurrency as a Payment Method
Cryptocurrencies cannot be used in daily life transactions because of their price fluctuations and cash-out concerns. MenaCash, which is 100% backed by USDs, will be used as the currency for transactions under the MenaPay platform.

1 MenaCash will always be equal to 1 USD and merchants will be able to make cash-outs from the MenaPay foundation. MenaPay also brings easy-to-use solutions such as desktop and mobile wallets, integration APIs and SDKs, reporting and a management dashboard for merchants, all with Arabic user interfaces.

Solutions to Real Life Problems
Regular banking tools are largely not used in the Middle East and Africa Region due to the conservative practice of Islam and the poor banking system. The region also has a very fragmented structure with multiple currencies.
MenaPay brings a 100% Islamic, non-bank digital solution, using blockchain to create a single currency to be used in everyday and cross-border transactions.

How to reach 1 Billion USD Market Cap by Mid-2019
Onboarding premium merchants who are offering special discounts only for MenaPay. Reaching 5million active users thanks to premium merchant campaigns and strong local marketing . Building an offline reseller network to allow easy entry to the cryptocurrency world. Acquiring the support of influence creators in the region, such as women in the tech industry, politicians, artists and social entrepreneurs.

Establishing Public Adoption of Cryptocurrency
Apart from accepting 30 major cryptocurrencies, you can buy tokens via bank transfer and credit card or you can pay on the door.

ICO Structure of MenaPay
400 Million MenaPay Tokens will be generated and 64% of the coins will belong to the community.

ROAD MAP

Sep ‘18 Grand Launch of the Desktop and Mobile Payment App
Nov ‘18 Public Token Sale (ICO)
Jan ‘19 50 Premium Merchants Onboarded
Apr ‘19 Face Recognition for Secure Transactions
May ‘19 Reaching 5 Million MenaPay Users
Jun ‘19 Reaching 1B USD Market Cap
Dec ‘19 AI Powered P2P Lending

The Team of MenaPay
We're developing the most commonly used cryptocurrency in the MENA region.