{"id":462628,"date":"2022-06-14T13:54:09","date_gmt":"2022-06-14T10:54:09","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/what-is-metapay-and-how-does-it-work\/"},"modified":"2022-06-14T13:54:09","modified_gmt":"2022-06-14T10:54:09","slug":"what-is-metapay-and-how-does-it-work","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/what-is-metapay-and-how-does-it-work\/","title":{"rendered":"# What is MetaPay and how does it work?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2e2098d3d91\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2e2098d3d91\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/what-is-metapay-and-how-does-it-work\/#%E2%80%9D_What_is_MetaPay_and_how_does_it_work_%E2%80%9C\" >&#8221; What is MetaPay and how does it work?  &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/what-is-metapay-and-how-does-it-work\/#What_is_the_MetaPay_project\" >What is the MetaPay project?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/what-is-metapay-and-how-does-it-work\/#How_does_MetaPay_work\" >How does MetaPay work?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/what-is-metapay-and-how-does-it-work\/#Features_of_the_MetaPay_payments_system_application\" >Features of the MetaPay payments system application<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/what-is-metapay-and-how-does-it-work\/#How_do_you_buy_MPAY_tokens\" >How do you buy MPAY tokens?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/what-is-metapay-and-how-does-it-work\/#Download_and_create_a_wallet\" >Download and create a wallet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/what-is-metapay-and-how-does-it-work\/#Purchase_BNB_tokens_and_connect_to_the_wallet\" >Purchase BNB tokens and connect to the wallet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/what-is-metapay-and-how-does-it-work\/#Confirm_the_swap_to_finalize_the_purchase\" >Confirm the swap to finalize the purchase<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/what-is-metapay-and-how-does-it-work\/#Approve_the_transaction_to_complete_the_purchase\" >Approve the transaction to complete the purchase<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/what-is-metapay-and-how-does-it-work\/#Is_it_safe_to_invest_in_MetaPay\" >Is it safe to invest in MetaPay?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_What_is_MetaPay_and_how_does_it_work_%E2%80%9C\"><\/span>&#8221; What is MetaPay and how does it work?  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>When people began communicating with one another over a wired communication system, the internet, not long ago, it ushered in a revolution in the rate of user acceptance of the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> involved.\u00a0<\/p>\n<p>Users could converse more readily anywhere and anytime when wired technology gave way to mobile technology. For example, smartphones are now bringing a flood of other services to the Metaverse. The Metaverse is a three-dimensional virtual place that works as a metaphor for the real-world . The term \u201cmetaverse\u201d is derived from &#8220;meta&#8221; (beyond) and &#8220;universe.&#8221;<\/p>\n<p>In this article, we will discuss the MetaPay project and how to buy MPAY tokens. We will also explore if it is safe to invest in MetaPay.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_MetaPay_project\"><\/span>What is the MetaPay project?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>MetaPay is a means of payment that allows users to make purchases in the Metaxion universe. The MPay token, commonly known as MetaPay, is the metaverse-based payment system&#8217;s native token. It&#8217;s a straightforward payment method requiring customers to have a MetaPay token to invest in the Metaxion universe.<\/p>\n<p>As a utility token, its purpose varies across the Metaxion universe, serving users in different ways. For example, you can earn MetaPay tokens by selling the land you purchased and you can also exchange your MPay tokens for any cryptocurrency you like.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-06\/0d2fc8d8-5fbd-4533-9643-24bcdd085b24.png\"><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"How_does_MetaPay_work\"><\/span>How does MetaPay work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The virtual payment system created by the MetaPay project is flexible, secure, fast and meets the needs of institutional-based and peer-to-peer transactions. Users can conduct crypto and fiat-based purchases using its dynamic virtual payment cards. <\/p>\n<p>Virtual payment Meta cards in centralized enterprises will provide easy decentralized access to crypto payments. Merchants will also be able to settle metaverse payments along with retail financial transactions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Features_of_the_MetaPay_payments_system_application\"><\/span>Features of the MetaPay payments system application<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>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. The debit cards are also secured and protected with a custom-encrypted code to prevent funds from being lost.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>The biggest crypto heists of all time<\/em><\/strong><\/p>\n<p>Another feature called MetaPay Blackhole is one of this project&#8217;s most in-demand service offerings since it <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eals to users who value secrecy. In addition, users can conduct private transactions with Blackhole&#8217;s decentralized payment platform protocol. For example, one can hide wallets from the blockchain ledger while trading anonymously. However, crypto&#8217;s anonymous culture may dwindle its relevance.<\/p>\n<p>Moreover, MetaPay has a cross-border platform that allows users to interact with other blockchain networks without restriction. It currently supports a variety of crypto tokens, including Bitcoin (BTC), Solana (SOL), Binance Coin (BNB), Fantom (FTM) and others.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>What is Binance Coin (BNB) and how does it work?<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_do_you_buy_MPAY_tokens\"><\/span>How do you buy MPAY tokens?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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 will agree on in the future. Please follow the easy steps below to purchase MPay tokens on PancakeSwap:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Download_and_create_a_wallet\"><\/span>Download and create a wallet <span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Trust Wallet is simple and quick to download as it is available on both Android and iOS stores. It is critical to set up a wallet after downloading to ensure a smooth buying process. This entails confirming your identification using the required personal documents like a passport or a national identity card, driving license, etc.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Purchase_BNB_tokens_and_connect_to_the_wallet\"><\/span>Purchase BNB tokens and connect to the wallet<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>On the Trust Wallet, look for &#8220;BNB&#8221; in the search tab and buy the desired amount of BNB tokens. At the bottom of the screen, click on &#8220;DApps&#8221; and select PancakeSwap. Then connect to the wallet of your choice (in this example, Trust Wallet).<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-06\/6af7235c-ddc0-43b5-98fd-215e1e82e25a.png\"><\/figure>\n<p>Choose \u201cTrust Wallet\u201d to proceed with the purchase process of MPay tokens.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-06\/38ac2dbc-b15a-4e01-a8cc-b0b868498b70.png\"><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Confirm_the_swap_to_finalize_the_purchase\"><\/span>Confirm the swap to finalize the purchase<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In the search field of the popup that appears, type the MetaPay Contract address (you can <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/metapay\/\">copy<\/a> the address from CoinMarketCap). The level of slippage tolerance can be changed in the Exchange section of the home screen&#8217;s settings. To confirm the swap and finalize the purchase on Trust Wallet, press the &#8220;Confirm Swap&#8221; button, as shown in the image below.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-06\/aac345a0-0e8e-4101-8921-ecd13fa10425.png\"><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Approve_the_transaction_to_complete_the_purchase\"><\/span>Approve the transaction to complete the purchase<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>After confirming the swap, you can see the full transaction history and network fee charges before finally approving the transaction. To do so, click on the &#8220;Approve&#8221; button, and your purchase of MPay tokens will be completed.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-06\/92511e37-0145-4a9d-be9f-f12d3445b5fe.png\"><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Is_it_safe_to_invest_in_MetaPay\"><\/span>Is it safe to invest in MetaPay?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There is no clarity about the team behind the MetaPay project. Additionally, a logo similar to Meta (previously <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a>) without any partnership with the organization may let you question the reliability of the project. However, MetaPay tokenomics <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.metapayglobal.io\/#tokenomics\">revealed<\/a> that 75% of MPay tokens are reserved for the community, 20% for the initial burn and 5% for marketing and team. Also, Valid Proof <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/github.com\/valid-proof\/audit\/blob\/main\/ValidProof_SmartContract_Audit_MetaPay.pdf\">audited<\/a> the project and found no red flags. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>What is a smart contract security audit? A beginner&#8217;s guide<\/em><\/strong><\/p>\n<p>Despite the above, you should do your research before relying upon the project&#8217;s tokenomics or third-party audits while making any investment decision, as the crypto market is highly volatile. You may wonder why MetaPay is so bullish.<\/p>\n<p>Any project that is new and has a novel approach can show an optimistic future ahead. However, analyzing crypto tokens carefully before investing is a cautionary practice that helps you to avoid losing your hard-earned money.<\/p>\n<p>Furthermore, it depends upon one&#8217;s personal financial goals, how much risk one can bear and what the expected return on investment is. If you think that the project is good enough to meet your objectives, you can proceed with it; otherwise, look for organizations that suit your investment portfolio.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/what-is-metapay-and-how-does-it-work\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; What is MetaPay and how does it work? &#8220; When people began communicating with one another over a wired communication system, the internet, not long ago, it ushered in a revolution in the rate of user acceptance of the technology involved.\u00a0 Users could converse more readily anywhere and anytime when wired technology gave way&#8230;<\/p>\n","protected":false},"author":1,"featured_media":462629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvYzM0YjlhNmYtZjE1My00YjMxLThlYTgtNTFhMmM3OGFlYmYwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,74868,76556,110520,122306,91498,74892,74355,4965],"class_list":["post-462628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-defi","tag-fintech","tag-how-to-crypto","tag-meta","tag-metaverse","tag-tokens","tag-adoption","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/462628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=462628"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/462628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/462629"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=462628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=462628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=462628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}