Review on MenaPay by David Olayide

Name: MenaPay
Item: MenaPay
Rating: 3

March 15, 2021

The MenaPay Payment System

MenaPay is a platform that facilitates transactions on a blockchain with very low transaction fees, and is also not affected by volatility of other cryptocurrencies. MenaPay claims to be much faster and more secure than any traditional payment gateway. Users of MenaPay have a variety of different alternatives to choose from like QR code, wire transfer or credit Card for payments. Also limitless and worldwide peer-to-peer Transactions by QR code, email, phone number or username is readily available by using MenaPay application.

MenaPay also assures instant transaction on the Blockchain which enables the daily use of cryptocurrencies. MenaPay offers different investment alternatives on blockchain through its mobile application. If you are using the app then you can invest in the most valuable stocks listed on global exchanges. Besides tokenized stocks, MenaPay offers investing in different Digital assets. 

The user-friendly application makes it easier to buy, sell and store digital assets. As well as buying And selling digital assets, MenaPay offers its users the Staking feature for some digital Assets. MenaPay has its own stable coin called MenaCash that is designed to be used in any online and offline transactions for the intention of daily usage. This stable coin MenaCash, has a stable 1 US Dollar value which is equivalent to the same amount of USD kept in Multiple banks as fiat currency equal to the amount of MenaCash in circulation. 

I like the innovative aspect of MenaCash because it actually attempts to solve one of the big problems of fluctuation and volatility. Eventually the project might turn out to be something good after all. So that remains to be seen. MenaPay has a circulating supply of 134,138,176 MPAY coins.

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Pros