Menapay is The New Means for Carrying out Transaction
MENA- The Middle East and North Africa is a region comprising approximately 22 countries in the Middle East and North Africa. The MENA region accounts for roughly 6% of the world’s population, 60% of the world’s oil reserves and 45% of the world’s natural gas resources. Due to the region’s abundant petroleum and natural gas reserves, MENA is a vital source of global economic stability. The deteriorating relations between Arab states like Saudi Arabia and Qatar have engaged in a diplomatic standoff resulting in banking sanctions and no-fly zones between the two countries. Common banking tools are not widely used in the MENA region, due to traditional practices of Islam and the weak banking system. However, this has created trouble for not just entrepreneurs but ordinary men as well.
Carrying plenty of cash can be dangerous but what can be the alternative with untrustworthy banks, long transaction requests and high fees? Blockchain technology is your option. Apps that deal with cryptocurrencies give you the opportunity of direct transactions that are hassle-free and your own UAE cryptocurrencies. Your worries about a safe and trustworthy payment would be eased with applications that uses Blockchain technology for cash or any transaction.
There are several benefits of blockchain technology. The blockchain is a digital ledger that is used to record transactions that are secure, verifiable and without data-tampering. Keep a record of all your purchases without worrying or having to confirm transactions with a central clearing authority. A cryptocurrency is a medium of both digital and non-digital exchange like Bitcoins. The benefits of cryptocurrency payments are that it uses encryption techniques to create or store money electronically and to verify the transfer of funds. With these new technology people become the king of their funds and any other prying eyes would not even get a glimpse of your transaction.
Enjoy online shopping and other day-to-day activities without worrying about a higher processing fee or insecurity. Carrying a significant amount of cash means bothering each time to keep track of your expenditure, but with cryptocurrency app like Menapay all your transactions are recorded and stored permanently in a blockchain. Now transfer money to your friends, family or any other merchant without the hassle of long ques.
Menapay is a Non-Banking, user-friendly mobile payment app that provides you with Arabic language support for easy and quick onboarding of customers and to let users safely enter the cryptocurrency world. With a user-friendly and easy to use market application integration Menapay will make way for new transactional modes and wave a pathway for blockchain payment industry in MENA.
We understand the hassle of having a dysfunctional payment system and with the world moving along at a fast-forwarded pace it is time for MENA region to catch up with new and improved payment processing systems. Enjoy the trouble-free experience and a life of ease with Menapay and take a step into the world of technology. MENA region would not only be known for its natural resources but also the comfort of transactions that are safe and secure without dealing with a third party or data leakage.