Tuyanto: MenaPay - Crypto made easier than cash

It's been exactly 10 years since blockchain technology entered our lives. In this process, blockchain has acquired a great deal of wealth in the world economy. The volume on the market approached trillions of dollars and the new stock exchanges and payment tools that provide this money flow are entering the market every day.

The peer-to-peer system that blockchain technology adds to our lives the use of decentralized information storage tools, the application of low commission fees while transferring money, and many other reasons that make it special. In this case, blockchain was used as a payment tool in almost every sector.For example, we are trying to integrate rapidly into tourism, banking, online games, donations, storage and many more. In this case, blockchain technology has a much greater impact on our lives. Using blockchain technology to make better use of the innovations it has brought to our world and allowing it to expand our freedom area will enable us to better assess the opportunities that we face.

As blockchain technology settles into our lives, the rate of placement varies from region to region. For example, the rate of spread to the Middle East and North Africa countries is relatively lower as it spreads rapidly in the United States and Europe. That's why we need new Blockchain projects to make this great project more adaptable to people living in the East like us. The most special and the first one is Menapay, and I want to introduce you to this project.

What is MenaPay?

The MENA project was named after the combination of the Middle East and North Africa. Menapay wants to provide free money flow, which is still missing in this region and wants to open the door to a trade free of borders, and wants to enter the market as a solid means of payment that is not affected by the fluctuations in the currency. The other major objective of menapay is to ensure that the commission fees to be paid during this trade remain very low and that this flow of money is very fast and reliable. The company wants to keep the menacash token at$ 1 and this stability.

MenaPay, who is trying to combine the flow of money that cannot be realized correctly due to tension in the Middle East and North African countries with Blockchain technology, is designed according to Islamic finance rules and menapay transactions will be approved and observed by the witnesses.

The table below refers to the MENA region and wants to bring a new breath to the paying system among these countries.

Although this region is mostly rich in common structures and resources in terms of language and religion, it still has difficulties in economic development. One of the biggest reasons for this is the instability in money and the problems caused by not being fully adaptable to technology.

MenaPay project will focus primarily on the countries of the MENA region and wants to bring prosperity and peace to this region thanks to Blockchain technology. As mentioned above, the money flow to be realized according to Islamic practices will be made without interest and before witnesses and will pay attention to all religious and cultural values of the region.

The countries you will see in the chart below constitute the MENA region and will be the priority of the community.

Solutions offered by MenaPay
1- One payment system for online payments and shopping

Online shopping and e-commerce are still underdeveloped in Eastern countries compared to Western countries. In particular, in the USA and Europe, large companies such as Amazon, e-Bay already dominates, as well as in Asian countries, such as Alibaba e-commerce sites in a system that is still not adapted to the Mena region is a stop. One of Menapay's biggest goals is to make online exchanges in this region in a reliable manner in accordance with Islamic law. With MenaCash, users will be able to make this purchase reliably and quickly.

2- Cash Money Handling Challenges

While MENA region countries are weak as security, one of the biggest barriers to trade is the difficulty of carrying cash. The use of electronic money in these countries with a low level of welfare and a weak banking system will be a much safer method.

3- High Bank Commissions

In almost every country in the region, the money flow is limited and customers are asked to make their money flow through banking. However, banks use this situation as an advantage and charge too much commission to their customers and also expose them to too much bureaucracy. However, with Menapay's arrival, users will be able to make this money flow more freely and with lower commission fees.
This ratio is very small as 5% thanks to MenaPay. Given the fact that banks receive less than 25% of the international money transfer, Menapay's opportunities will be clearer.

Menapay's Products

Customers will be able to access Menapay via both mobile and web browser.
Customers ' payment history shopping trends will be stored as data and MenaPay customers will return as special opportunities.

Purchases will be made safely through an approved dealer and approved receiver network.
Menapay is a community that provides services to its customers 24/7 and it sets up a completely customer oriented system.

Menapay's opportunities for token holders

a. The first of these opportunities is the 75% share of profit that token owners will earn within the framework of the income sharing model of Menapay. Thanks to the tokens you hold in your hand, you will be able to earn passive income and use them in your shopping.

b. Menapay's green mining system, the buyer and seller between the exchange occurs after the users win MenaPay tokens occur in the form of.

c. Having a currency that is not affected by the fluctuations of other crypto currencies and that will protect its value forever.

d. The MenaCash you have earned will be evaluated within the framework of Islamic law and will be operated in accordance with Islamic trade principles.

e. It is a valid project all over the world and it will take place in the world's top 10 stock exchanges in the near future.

Menacash Traffic Processing

Companies in many MENA regions, such as PayPal, are prohibited. Menapay has set up a Blockchain-based payment system to solve this problem.

Today, Crypto money is very difficult to use in daily life. Although blockchain technology has been invented to increase the speed of payment processing, there are still problems in adapting the project to everyday life. In addition, the value of Menacash will be much more obvious considering that the bank and credit cards we use as a shopping tool in daily life do not comply with Islamic regulations.

The following chart describes how Menacash works on the receiver,vendor, and Blockchain system.em.

CONCULISION

Hundreds of years ago, the Middle East and North Africa region missed the opportunity to become one of the first of many technological innovations and lagged behind its era. As a result of some economic and social problems caused by technological deficiency, he faced many problems. The fact that there are economic problems on the basis of most of the unrest and wars in the region has deeply affected both the trade and the people of these countries.

But the MENA region is no longer alone. Thanks to MenaPay's user-friendly interface, opportunities and features it has provided, the people of the region now have the opportunity to use Blockchain technology much more efficiently. The region States, traders and users should no longer take this great opportunity to reach their feet and adapt to the age of technology.

The Menapay system, built according to all cultural and religious characteristics of the region, can help the development of the region economically and socially.

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