The blockchain is the new big thing of this age. Since the time it has been introduced to us it has been flourishing in every field. However, it has still not been fully accepted by the mass as there are a lot of things that still need to be fixed in the blockchain system. Speaking of the blockchain, today in this particular article we are going to talk about a blockchain based platform called the MenaPay. MenaPay is basically a blockchain based platform that aims to replace the traditional modes of payment with the use of crypto currency in order to provide a transparent and secure payment gateway to the users. With the help of this particular platform, users can carry on with their transactions for every aspect on a daily basis. For your knowledge, we have also added more details below about this platform.
The main question to answer here is why MenaPay? The traditional modes of payments that are sued by individuals today are not secure or transparent enough. This is why it needs to be corrected which is why such a platform has been developed by its team. MenaPay is a blockchain platform that allows you to carry on transactions with the help of crypto currencies instead of using real cash. This is considered to be more safe and secure. Not only that, but it also provides a transparent platform to carry on with your transactions. The best thing is that it can be used in every aspect of your life and that too every day. Also, it is faster as well. So why not MenaPay?
How does it work?
Now that you already know about the concept of MenaPay let’s check out the way it works so that you can have a better idea about it. The main objective of MenaPay is to provide a platform for the users where they can carry on with their transactions with the help of crypto currencies. Some of the main features that define the operations of MenaPay include P2P transactions, P2M transactions, and M2F transactions. It aims to transform the current payment system completely for the betterment of the people. MenaPay will actually connect the customers directly to the merchants with the help of blockchain technology. Merchants will be able to integrate payment gateway and MenaPay on their platform. the MenaCash will be used as the platform tokens.
MenaPay makes use of ERC20 tokens so you can say that it has a stable Ethereum network to exist on. With the help of this, they seek to gain the trust of the users. The MenaCash will be used as the currency token on the platform in order to carry out all the transactions.
Thus, it can be concluded that MenaPay is a blockchain platform that aims to change the payment system of the world. It makes use of crypto currency instead of real cash in order to carry on transactions on its platform.