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Secondly, MenaPay creates a crypto coin called MenaCash which is based on private blockchain to be used on MenaPay payment system.Princess of Kingdom of Saudi Arabia, H.However, MenaPay decreases this period to 5 days and accelerates the cash flow process for its merchants as well. According to Fortune, Kingdom of Saudi Arabia is not only interested in blockchain technology, but also a supporter of cryptocurrency and blockchain-focused startups.Having the Princess of the Saudi Arabia in their board and more than 50 signed merchants in the Middle East already, makes them one of the most effective payment tools wood beads Suppliers in the region. Princess H. Hamadi Ahmed Khadher is now a board member of MenaPay, the first cryptocurrency and blockchain based payment gateway of the Middle East and North Africa region.”
Besides all the benefits and utilities it provides for people, MenaPay also makes the payment process faster for companies as well. People can buy MenaCash in exchange of Dollar and use their MenaCash in online and offline money transactions without any fluctuation risk. Hamadi Ahmed Khader says that she appreciates all the efforts ofMenaPayto accelerate digital transformation of KSA and she is excited to be a part of such a path-breaking business. For further information, you can check their website or contact MenaPay via[emailprotected]. While blockchain technology is a new concept for many countries, Kingdom of Saudi Arabia is quite familiar with it and one of the biggest contributors of cryptocurrency in the Middle East region.In May, Saudi Arabia conducted a “blockchain bootcamp” session to build cryptocoin smart contracts and decentralized applications.
Based in Dubai, UAE, MenaPay is a financial solutions company, and it is founded in February 2018.Princess Hamadi Ahmed Khadher believes that this blockchain based payment solution will facilitate all the transactions in the Saudi Arabia and make all kinds of shopping tools much more useful for people. Hamadi Ahmed Khadher is also a big supporter of blockchain technology and it is announced that she is now the new board member of the blockchain based payment gateway MenaPay. H.Thirdly, MenaPay provides another crypto coin called MenaPay which empowers the blockchain payment system with proof of work and proof of stake.