What is MetaPay and how does it work?

189
SHARES
1.5k
VIEWS

When people began to communicate with each other over a wired communication system, the Internet, not long ago, heralded a revolution in the rate of user acceptance of the technology involved.

When wired technology gave way to mobile technology users could more easily interact anywhere and anytime. For example, smartphones are now bringing a flood of other services to the metaverse. The metaverse is a three-dimensional virtual space that serves as a metaphor for the real world. The word “metaverse” is derived from “meta” (beyond) and “universe”.

READ ALSO

In this article, we will discuss the Metapay project and how to buy MPAE tokens. We will also find out whether it is safe to invest in Metapay or not.

What is Metapay Project?

Metapay is a means of payment that allows users to make purchases in the Metaxion universe. The MPA token, commonly known as MetaPay, is the native token of the Metaverse-based payment system. It is a direct payment method that requires customers to invest in the Metaxion universe with MetaPay tokens.

As a utility token, its purpose varies across the Metaxion universe, serving users in a variety of ways. For example, you can earn Metapay tokens by selling the land you buy and you can also exchange your MPA tokens for any cryptocurrency of your choice.

How does Metapay work?

The virtual payment system created by the Metapay project is flexible, secure, fast and meets the needs of institutional and peer-to-peer transactions. Users can make crypto and fiat-based purchases using its dynamic virtual payment card.

The MetaCard will provide easy decentralized access to crypto payments in virtual payments centralized enterprises. Merchants will be able to settle retail financial transactions as well as Metaverse payments.

Features of the Metapay payment system application

Metapay offers a currency wallet in which users can preload their virtual debit cards with multiple cryptocurrencies. Also, there is no limit on preloading the wallet. Debit cards are also secure and secured with a custom-encrypted code to prevent losing money.

related: Biggest crypto robbery ever

Another feature called MetaPay Blackhole is one of the project’s most sought-after service offerings as it appeals to users who value privacy. In addition, users can conduct private transactions with Blackhole’s decentralized payment platform protocol. For example, someone can hide a wallet from the blockchain ledger while trading anonymously. However, the anonymous culture of crypto may reduce its relevance.

Furthermore, Metapay has a cross-border platform that allows users to interact with other blockchain networks without any restrictions. It currently supports various crypto tokens including Bitcoin (BTC), Solana (SOL), Binance Coin (BNB), Phantom (FTM) and others.

related: What is Binance Coin (BNB) and how does it work?

How do you buy MPAY tokens?

PancakeSwap and Poocoin are the only places where you can buy mpay tokens at the moment. Metapay tokens will also be available for purchase on exchanges that the organization agrees to in the future. Please follow the easy steps below to buy MPA tokens on PancakeSwap:

Download and Create Wallet

Trust Wallet is simple and quick to download as it is available on both Android and iOS stores. It is important to set up Wallet after download to ensure a smooth shopping process. This includes verifying your identity using required personal documents like passport or national identity card, driving license etc.

Buy BNB tokens and connect to wallet

On Trust Wallet, look for “BNB” in the search tab and buy the desired amount of BNB tokens. At the bottom of the screen, click “DApps” and select Pancake Swap. Then connect to the wallet of your choice (in this example, Trust Wallet).

Select “Trust Wallet” to proceed with the MPA token purchase process.

Confirm the swap to finalize the purchase

In the search field of the popup that appears, type the Metapay contract address (you can copy the address from CoinMarketCap). The slippage tolerance level can be changed in the Exchange section of the Home screen’s settings. To confirm the swap and finalize the purchase on Trust Wallet, press the “Confirm Swap” button, as shown in the image below.

Approve the transaction to complete the purchase

After verifying the swap, you can view the full transaction history and network fee charges before finally approving the transaction. To do this, click the “Approve” button, and your purchase of mPay tokens will be completed.

Is it safe to invest in Metapay?

There is no clarity about the team behind the Metapay project. Additionally, a logo like Meta (formerly Facebook) without any partnership with the organization could make you question the credibility of the project. However, Metapay Tokenomics revealed that 75% of MPA tokens are reserved for the community, 20% for initial burn and 5% for marketing and team. Also, Valid Proof audited the project and found no red flags.

related: What is Smart Contract Security Audit? a beginners guide

Notwithstanding the above, you should do your research before relying on Tokenomics or third party audits of the project when making any investment decisions, as the crypto market is highly volatile. You might wonder why Metapay is so fast.

Any project that is new and has a fresh outlook can show an optimistic future ahead. However, carefully analyzing crypto tokens before investing is a cautious exercise that helps you avoid losing your hard earned money.

Also, it depends on one’s personal financial goals, how much risk one can take and what is the expected return on investment. If you feel that the project is good enough to meet your objectives, you can go ahead with it; Otherwise, look for organizations that best suit your investment portfolio.