Step 1: Electric potential due to point charges.
The electric potential at a point due to a point charge is given by:
\[
V = \frac{kq}{r}
\]
where \( k \) is Coulomb's constant, \( q \) is the charge, and \( r \) is the distance from the charge.
Step 2: Calculate the potential at the midpoint.
At the midpoint between the charges \( +q \) and \( -q \), the potentials due to both charges cancel each other out, resulting in a net potential of zero.