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MenaPay is the first, fully backed blockchain-based payment gateway in the Middle East and Africa



INTRODUCTION
MENA stands for Middle East and Northern Africa. The MiddleEast and Northern African region have for long yearned for a cashless and bankless financial system that can unite the entire MiddleEast region and that’s exactly what MenaPay is out to achieve.
It is the very first completely blockchain-oriented payment platform in the Middle Eastern and African countries. MenaPay aims at evolving the most oft-used cryptocurrency in the entire MENA region.
It seeks to attain the status of the biggest bankless mobile payment option that is deployed in blockchain while it yields notable outcomes for those investing in it. MENA has come to substitute the conventional payment means with a blockchain-oriented completely legal cryptocurrency. men1.png
Benefits of MenaPay for the MENA People
Conventional banking system does not operate in the MENA region and besides, the structural system in the region is not united such that different countries use different currencies. In the situation MENA will offer immense solution for the entire region.
The MENA region has a large number of people who don’t use the traditional banks as a result of their faith inclination. MenaPay will effectively capture this sector of the population.
Again, the MenaPay is Islamic Compliant such that most citizens are bankless because Islam forbids it, nonetheless, MenaPay is offering a totally Islamic-compliant system, just as blockchain do conform to the Islamic stipulations because there are no middlemen in the transactions.
Furthermore, MenaPay is designed to straddle the entire MENA region so that just a single currency will be used. MenaPay seeks to break the barrier that limits the different countries in MENA region from making transactions abroad.
Additionally, the MenaPay platform is very flexible and it is fully backed by USD and it is built on blockchain to offer greater security and openness.
Conclusion
MenaPay is out to revolutionalize the banking system in the Middle East and Northern Africa region by introducing a blockchain-based payment system that will substitute the traditional payment means and more acceptable to the people of MENA.
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