Hey, I watched the video on the MenaPay website and around the 1 minute mark he says something that may have far reaching consequences.
https://www.youtube.com/watch?v=575ZRW3n5PU&feature=youtu.be&t=54
"These core principles are why practising Muslims do not trust centralised authorities such as bank, which are not fully transparent over their transactions"
And a little bit before at 0:38 "each transaction also needs to be witnessed by at least two people".
That means MenaPay and MenaCash must only be traded on-chain, which disqualifies almost every crypto exchange.
Topic: 📢[ANN] [ICO] - MenaPay - Crypto made easier than cash - PRIVATE SALE (LIVE) - page 28. (Read 95728 times)
November 10, 2018, 03:26:57 PM
November 10, 2018, 02:04:14 PM
Someone knows - they have competitors? or projects with similar concept, I like this idea, but competitors may hinder their progress.
Yes, they have. Utrust, Monetha, Pumapay, Agate - also developing similar payment platforms. But for different regions...
November 10, 2018, 01:27:35 PM
I cannot believe electronic payments are so rarely used in the Middle-East and North-Africa. Is MenaPay really the first to take advantage of this gap in the market?
The same thing applied in some Asian countries also. There are huge market areas to explore.
The Asian market is ripe at this moment for crypto projects, if Governments start appreciating the blockchain technology then it will be easier for everyone. Menapay will expand their hold to asia sooner or later for sure.
November 10, 2018, 01:05:55 PM
I cannot believe electronic payments are so rarely used in the Middle-East and North-Africa. Is MenaPay really the first to take advantage of this gap in the market?
I agree. I think there are existing payment platforms in UAE especially in DUBAI which is a regional financial hub though I don't know any other blockchain based payment platforms that exist in there.
In South America, Exchanges like FoxBit, launch an offensive to popularize more and more payments with crypto in the retail, this and other actions around the World, lead me to think that 2019 will be an important year for this niche and even more for the crypto. Chubby and prosperous projects like MenaPay will have their value recognized very soon
yes but what if that doesn't happen, I think people still choose to use mainstream payments and haven't been so interested in paying for crypto. the main reason is that many people don't know crypto, they only know crypto is bitcoin. but the rest are many lay people who don't understand at all. so crypto payments seem to still not be so popular nowadays.
You are right, but crypto or stock market has to think into the future. If everybody pays with crypto it is to late for entering the market.
November 10, 2018, 12:27:07 PM
Right now its probably easer to start a project in middle east countries since the regulations are still not that strict there as they are in Europe or USA and you can prepare yourself with whats coming at you since you can compare to current situation of ICOs elsewhere.
That may be true but then you cannot count on the fact of operating in Europe or US , which are quite big market as well
November 10, 2018, 12:21:52 PM
I cannot believe electronic payments are so rarely used in the Middle-East and North-Africa. Is MenaPay really the first to take advantage of this gap in the market?
The same thing applied in some Asian countries also. There are huge market areas to explore.
November 10, 2018, 11:59:06 AM
I cannot believe electronic payments are so rarely used in the Middle-East and North-Africa. Is MenaPay really the first to take advantage of this gap in the market?
If you travel trough Europe you'd be surprised, I'm italian and here people just mostly use cash lol, same in Spain, same in Greece, same in Hungary as far as I saw. If you go in northern Europe, Germany and England it's a whole other story
November 10, 2018, 11:26:06 AM
yes but what if that doesn't happen, I think people still choose to use mainstream payments and haven't been so interested in paying for crypto. the main reason is that many people don't know crypto, they only know crypto is bitcoin. but the rest are many lay people who don't understand at all. so crypto payments seem to still not be so popular nowadays.
agree with you that some people still using mainstream payment, but in short time it will be changed by new payment system, by popularity of some project like this, it will be changed.
it depending how menapay will drive their community and increase their popularity. if they give great offer to newcomer, they will win.
November 10, 2018, 11:18:13 AM
I cannot believe electronic payments are so rarely used in the Middle-East and North-Africa. Is MenaPay really the first to take advantage of this gap in the market?
I agree. I think there are existing payment platforms in UAE especially in DUBAI which is a regional financial hub though I don't know any other blockchain based payment platforms that exist in there.
In South America, Exchanges like FoxBit, launch an offensive to popularize more and more payments with crypto in the retail, this and other actions around the World, lead me to think that 2019 will be an important year for this niche and even more for the crypto. Chubby and prosperous projects like MenaPay will have their value recognized very soon
yes but what if that doesn't happen, I think people still choose to use mainstream payments and haven't been so interested in paying for crypto. the main reason is that many people don't know crypto, they only know crypto is bitcoin. but the rest are many lay people who don't understand at all. so crypto payments seem to still not be so popular nowadays.
November 10, 2018, 11:04:39 AM
Right now its probably easer to start a project in middle east countries since the regulations are still not that strict there as they are in Europe or USA and you can prepare yourself with whats coming at you since you can compare to current situation of ICOs elsewhere.
You are partly right and partly not in my opinion. Yes, regulations are not that strict but also adoption is not that high compared to other regions. So you gain some and you lose some i think.
November 10, 2018, 06:57:43 AM
Right now its probably easer to start a project in middle east countries since the regulations are still not that strict there as they are in Europe or USA and you can prepare yourself with whats coming at you since you can compare to current situation of ICOs elsewhere.
That may be true but then you cannot count on the fact of operating in Europe or US , which are quite big market as well
November 10, 2018, 06:05:41 AM
Right now its probably easer to start a project in middle east countries since the regulations are still not that strict there as they are in Europe or USA and you can prepare yourself with whats coming at you since you can compare to current situation of ICOs elsewhere.
Somewhat agree to what you are saying. Some countries are becoming potential hubs in the crypto sphere and support projects which can make an impact. Hopefully, Menapay take it as an advantage.
November 10, 2018, 05:46:55 AM
Right now its probably easer to start a project in middle east countries since the regulations are still not that strict there as they are in Europe or USA and you can prepare yourself with whats coming at you since you can compare to current situation of ICOs elsewhere.
November 10, 2018, 05:44:01 AM
I cannot believe electronic payments are so rarely used in the Middle-East and North-Africa. Is MenaPay really the first to take advantage of this gap in the market?
I highly doubt it. As far as i know there are multiple blockchain starting in the middle-east.
But i haven't seen anything like this yet. I could be wrong though.
Its not as popular as in Asia, Europe and US but i am sure the interest is getting higher especially when you have project like Menapay raising knowledge about crytpo in that area specifically so we can all profit from it.
that region of the world is not really stable. there are a lot of countries run by gangs and warlords that would benefit from crypto adoption. but it's hard to implement.
November 10, 2018, 05:11:31 AM
I cannot believe electronic payments are so rarely used in the Middle-East and North-Africa. Is MenaPay really the first to take advantage of this gap in the market?
By meaning electronic payments, are you talking about cryptocurrency or credit/debit cards, bank transfer kinds of things?
November 10, 2018, 04:50:28 AM
I cannot believe electronic payments are so rarely used in the Middle-East and North-Africa. Is MenaPay really the first to take advantage of this gap in the market?
I highly doubt it. As far as i know there are multiple blockchain starting in the middle-east.
But i haven't seen anything like this yet. I could be wrong though.
Its not as popular as in Asia, Europe and US but i am sure the interest is getting higher especially when you have project like Menapay raising knowledge about crytpo in that area specifically so we can all profit from it.
November 10, 2018, 04:46:25 AM
I cannot believe electronic payments are so rarely used in the Middle-East and North-Africa. Is MenaPay really the first to take advantage of this gap in the market?
I highly doubt it. As far as i know there are multiple blockchain starting in the middle-east.
But i haven't seen anything like this yet. I could be wrong though.
November 10, 2018, 01:07:38 AM
I cannot believe electronic payments are so rarely used in the Middle-East and North-Africa. Is MenaPay really the first to take advantage of this gap in the market?
I agree. I think there are existing payment platforms in UAE especially in DUBAI which is a regional financial hub though I don't know any other blockchain based payment platforms that exist in there.
Yeah, I thought so. Dubai is overflowing with money. It would be unpractical to do every transaction with cash or they would have to have million dollar equivalent bills.
Can you make it flow towards Mena ico ?
November 09, 2018, 08:00:49 PM
I cannot believe electronic payments are so rarely used in the Middle-East and North-Africa. Is MenaPay really the first to take advantage of this gap in the market?
I agree. I think there are existing payment platforms in UAE especially in DUBAI which is a regional financial hub though I don't know any other blockchain based payment platforms that exist in there.
Yeah, I thought so. Dubai is overflowing with money. It would be unpractical to do every transaction with cash or they would have to have million dollar equivalent bills.
November 09, 2018, 07:54:55 PM
I cannot believe electronic payments are so rarely used in the Middle-East and North-Africa. Is MenaPay really the first to take advantage of this gap in the market?
I agree. I think there are existing payment platforms in UAE especially in DUBAI which is a regional financial hub though I don't know any other blockchain based payment platforms that exist in there.
In South America, Exchanges like FoxBit, launch an offensive to popularize more and more payments with crypto in the retail, this and other actions around the World, lead me to think that 2019 will be an important year for this niche and even more for the crypto. Chubby and prosperous projects like MenaPay will have their value recognized very soon
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