Metal Pay Introduces P2P Payments App that Rewards Users with Upto Five Percent Back in Cryptocurrency

By SiliconIndia   |   Tuesday, September 18, 2018
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Metallicus, a blockchain-based payment processing platform launched its flagship product Metal Pay that allows people to instantly send money to friends, family and businesses with just a phone number. For each transaction, they will be rewarded with some cryptocurrency and these rewards called ‘Pop’ are delivered by Metal’s cryptocurrency MTL and can be sent to another Metal Pay user.

Marshall Hayner, Co-Founder & CEO, Metal, says, “The millennial generation was largely powered and built the internet, and yet only a handful of people — some worth tens of billions of dollars alone — benefited, while the majority are facing the scariest financial future of any generation in modern U.S. history, Our generation coming into adulthood right now has the biggest opportunity of the past 100 years and they don't even know it yet. Together, we can create a world where money works for us, where we don't work for money — that's the vision."

Metal Pay will be linked later with Metal’s equally beautiful micro investing app, Crumbs that allows users to turn their spare change into small investments with cryptocurrency. The signing up for the app is the initial step and after that, begins earning MTL for every transaction. Metal Pay is the first cryptocurrency platform that combines traditional bank accounts and the account will have features such as debit card and ability to link credit cards as well.

Founded in 2016, Metal is a blockchain-based payments and rewards company which raised a $3 million from G2 Ventures, Gateway and others. Its native currency MTL is fairly distributed through a process and little rewards are earned with each transaction. Metal was founded by Marshall Hayner who co-founded Quickcoin and helped build Stellar, Dogecoin and Block.io.

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