MENAPAY ECOSYSTEM.
Hello everyone....!!!!
we meet again on this occasion, and next time I will review a little about MenaPay.
for more details, let's be the same, refer to the following article:
Merchant
Merchant are known as the building blocks of the MenaPay ecosystem with individual users. This is the enterprises that would accept MenaCash payment in return for their products and services which is known as merchant in the MenaPay system.the 50 large establishments readily signed contract with the MenaPay foundation. The merchants who were registered in the platform and begins MenaCash acceptance can be used as an advantageous features of MenaPay. MenaPay brings a easy-to-register platform where the can execution of sales operations and keeping track on the relevant sales data. In the development of the largest cashless society in the world, MenaPay begins a easy-to-intergrate which called the Software Development Kit (SDK). Any merchant can accept the MenaCash payment after they download and setup the SDK.
Every merchant with the advantage of the MenaPay payment system. They can accept payments and spend the MenaCash they received as they want. These merchant who use the MenaPay alone as a payment intermediary and whom can not cash out their MenaCash are known as the standard merchant in quote. If not, it is needed to get an acceptance for the cash out privilege in terms of Anti Money laundry process if the acceptance process is successfully completed.
"Approved Merchants".
*Merchant Acceptance
All the merchant composed of the MenaPay platform would summit the following documents and get the "Approved Merchant" badge to enable them to cash out the MenaCash in their accounts.
* Certificate of registered address
* Certificate of incorporation
* Certificate of shareholders
*Utility bill of signing director
* Passport copy of the signing director(s)
When the application is received, MenaPay Foundation group assesses the applications. If the requirements are met, the sellers are approved into the MenaPay "Approved Merchant Network".
The Wallet ID Matching and Merchant
Every merchant and every user are able to register more than one wallet into their application. All wallets has a very different ID from the other and the are matched with users. Wallet being held by merchant are matched with identities as a firm although the are revealed to the customer during the the payment transaction. This ensure some kind of security to the customer by revealing the address he/she is transferring MenaCash to.
The MenaPay ID matching procedure is fashioned to transfer MenaCash, with high level security measures. All users information is matched with the user's with one of that kept on the off chain. In every transaction request which comes over the MenaGateway. Verification of these information are approved by the users. During MenaCash transfer, public key QR code encoding it receiving side's app produce. When the mailing side's app scans this QR code, it gets the public key which is eventually enough for completing the transaction. But to make sure that receivers real identity, sender additionally require supplementary identity information using receivers public key. This public key are being matched with the identity of the receiver on MenaPay server and hidden identity information is being returned to the sender side as identity hints.
Some of the world's population considers cryptocurrencies as the future of the currency unit of the finance ecosystem. This approach can't be taken into account as a shallow prediction since digital assets have already made a massive impact through the market. The integration of the crypto assets to the common economic instruments is a slow process, let's be honest here, but there is a real tendency to this unification and form various parts of the finance atmosphere and this interest is getting bigger and bigger day by day.
MenaPay would like to be a part of this development and tries to act through the Islamic area since there is a strong demand and weak provision within the place.
What MenaPay Aims?
MenaPay is establishing a currency gateway without a banking practice involved. The first intention of the project to connect 18 Islamic countries including Turkey, Saudi Arabia, United Arab Emirates, Egypt, Libya as a financial model in regards to a payment system. This payment system can be used in every phase of daily life which requires regular or irregular payment periods.
Also, MenaPay will build a network for these countries to execute financial processes between all of them. The very fundamental problem about the area is that although all of the countries practice Islam, there are significant dşfferences between these countries. Because this area is very fragile and to be held delicately, MenaPay completely acts in the boundaries of Islamic rules and fully executes every step sensitively.
we meet again on this occasion, and next time I will review a little about MenaPay.
for more details, let's be the same, refer to the following article:
Merchant
Merchant are known as the building blocks of the MenaPay ecosystem with individual users. This is the enterprises that would accept MenaCash payment in return for their products and services which is known as merchant in the MenaPay system.the 50 large establishments readily signed contract with the MenaPay foundation. The merchants who were registered in the platform and begins MenaCash acceptance can be used as an advantageous features of MenaPay. MenaPay brings a easy-to-register platform where the can execution of sales operations and keeping track on the relevant sales data. In the development of the largest cashless society in the world, MenaPay begins a easy-to-intergrate which called the Software Development Kit (SDK). Any merchant can accept the MenaCash payment after they download and setup the SDK.
Every merchant with the advantage of the MenaPay payment system. They can accept payments and spend the MenaCash they received as they want. These merchant who use the MenaPay alone as a payment intermediary and whom can not cash out their MenaCash are known as the standard merchant in quote. If not, it is needed to get an acceptance for the cash out privilege in terms of Anti Money laundry process if the acceptance process is successfully completed.
"Approved Merchants".
*Merchant Acceptance
All the merchant composed of the MenaPay platform would summit the following documents and get the "Approved Merchant" badge to enable them to cash out the MenaCash in their accounts.
* Certificate of registered address
* Certificate of incorporation
* Certificate of shareholders
*Utility bill of signing director
* Passport copy of the signing director(s)
When the application is received, MenaPay Foundation group assesses the applications. If the requirements are met, the sellers are approved into the MenaPay "Approved Merchant Network".
The Wallet ID Matching and Merchant
Every merchant and every user are able to register more than one wallet into their application. All wallets has a very different ID from the other and the are matched with users. Wallet being held by merchant are matched with identities as a firm although the are revealed to the customer during the the payment transaction. This ensure some kind of security to the customer by revealing the address he/she is transferring MenaCash to.
The MenaPay ID matching procedure is fashioned to transfer MenaCash, with high level security measures. All users information is matched with the user's with one of that kept on the off chain. In every transaction request which comes over the MenaGateway. Verification of these information are approved by the users. During MenaCash transfer, public key QR code encoding it receiving side's app produce. When the mailing side's app scans this QR code, it gets the public key which is eventually enough for completing the transaction. But to make sure that receivers real identity, sender additionally require supplementary identity information using receivers public key. This public key are being matched with the identity of the receiver on MenaPay server and hidden identity information is being returned to the sender side as identity hints.
Some of the world's population considers cryptocurrencies as the future of the currency unit of the finance ecosystem. This approach can't be taken into account as a shallow prediction since digital assets have already made a massive impact through the market. The integration of the crypto assets to the common economic instruments is a slow process, let's be honest here, but there is a real tendency to this unification and form various parts of the finance atmosphere and this interest is getting bigger and bigger day by day.
MenaPay would like to be a part of this development and tries to act through the Islamic area since there is a strong demand and weak provision within the place.
What MenaPay Aims?
MenaPay is establishing a currency gateway without a banking practice involved. The first intention of the project to connect 18 Islamic countries including Turkey, Saudi Arabia, United Arab Emirates, Egypt, Libya as a financial model in regards to a payment system. This payment system can be used in every phase of daily life which requires regular or irregular payment periods.
Also, MenaPay will build a network for these countries to execute financial processes between all of them. The very fundamental problem about the area is that although all of the countries practice Islam, there are significant dşfferences between these countries. Because this area is very fragile and to be held delicately, MenaPay completely acts in the boundaries of Islamic rules and fully executes every step sensitively.
MenaPay Token
Token Name MenaPay Token
Ticker MPAY
Platform ERC-20
Supply 400,000,000 MPAY
Softcap 5M $ (Already passed
ICO Price 0.165$
Token Specifics and Distribution
Road Map
For more details, please visit project links watch the video below
Author: Red devil
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1862312
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