MenaPay - Crypto made easier than cash

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information of the intended recipient and may not be used, published or redistributed
without the prior written consent of MenaPay.
Investing in cryptocurrencies involves a high degree of risk and the potential for significant losses. Do not invest money you can not afford to lose.

What Is MenaPay
MenaPay is the first fully blockchain based payment platform which focuses on the Middle
East and North Africa region (MENA) preliminary. It is a platform that allows transactions
on a blockchain with very low transaction fees, is not affected by fluctuation of cryptocurrencies, faster and more secure than any traditional payment gateway.

MenaPay has its own stable coin “MenaCash” which is designed to be used in any online and
offline transactions for the intention of daily usage. MenaCash has a stable 1 US Dollar value which is warranted by the same amount of USD kept in multiple banks as fiat currency equal to the amount of MenaCash in circulation. MenaCash solves one of the huge problems to use cryptocurrencies in daily life for users; fluctuation. The main objective of the project is to make it possible, easy and secure to transfer money for each and every user by using the advantages of today’s high–end technology, which is a requirement of the new digitized world.

Vision and Mission of MenaPay
MenaPay aims to become the most commonly used cryptocurrency in the MENA region. Focusing on 18 countries [1] and 441 million [2] people, MenaPay carries the mission of becoming the largest non-bank payment solution by using blockchain technology while generating significant returns for the investors. The business model that you can review in detail in this paper will create a whole new standard in crypto industry by distributing 75% of total revenue among MenaPay Token Holders.

MenaPay Token Holders will be the nucleus of a huge community to disrupt traditional banking system in MENA and will create the most advanced financial system which will cover the entire region with Islamic compliant, transparent and decentralized structure.

Products of MenaPay
With its ease of use and blockchain infrastructure, MenaPay aims to be the ultimate platform for users to carry out their all and every payment operation, while enabling merchants a simpler reach out to their customers and a faster mean of payment.
The MenaPay Platform offers a comprehensive payment solution to be used in every aspect of the daily lives of the cash using Mena region community with its blockchain-based payment infrastructure, mobile and desktop applications, its specially-designed Dashboards for merchants and Reseller applications.

MenaPay EcoSystem
Merchants
Merchants are the building blocks of the MenaPay ecosystem along with individual users. Enterprises which accept MenaCash payments in return of their service or products are called merchants in the MenaPay system. MenaPay Foundation has readily signed contracts with 50 large establishments. Merchants who register with the platform and start MenaCash acceptances can use advantageous features of MenaPay. MenaPay presents a easy-to-register platform where they can execute their sales operations and keep track of the relevant sales data.
To develop the largest cashless society in the world, MenaPay presents an easy-tointegrate
Software Development Kit (SDK). Any seller can accept MenaCash payments after they download and setup the SDK

M2F (Merchant To Foundation) Transaction
As merchants can use the collected MenaCash for their own purchase purposes, they can also join the Approved Merchant Network and cash out from MenaPay Foundation. Cash out requests opened by approved merchants are closed by the foundation on returning the fund, keeping 1 MenaCash = 1 USD equality. The minimum limit for cash out is 1,000 MenaCash. MenaPay Foundation claims 5% commission over the amount cashed out. The rights to change the commission rates are reserved by the MenaPay Foundation.

Why MenaPay Chose Ethereum?
MenaPay is utilized on the Ethereum platform using ERC-20 technology which is
public, easy-to-use, and one of the biggest and widespread blockchain platforms in the
world. Ethereum has the most widespread-use utility tokens. Whether it is stock
exchanges or transactions between two dynamics, all operations are held much faster
than the existing banking system by the blockchain technology.

Initial Coin Offering (ICO) Details and Timeline
While creating MENA region’s first blockchain based common payment system, MenaPay Foundation will collect the necessary funds with an ICO, which is a safe and innovative way of fundraising.