Metal – Make money better by using crypto.

Overview of Metal

The Metal project was founded in 2016 by Marshall Hayner and Glenn Marien with the intention to introduce cryptocurrency into the wider market through the combination of reward incentives and a clean user interface which is accessible to anyone.

Their goal was to create a platform that focuses on both crypto and non-crypto assets together in one location with the hope to make Metal Pay the Venmo of cryptocurrency thanks to its straightforward user experience.

Metal is a multi-faceted project, and its ecosystem includes:

  • Metal Pay – The payment processing application
  • Metal Vault – a web wallet for Metal, Bitcoin, Ethereum and ERC-20 Tokens
  • Metal X – A cryptocurrency trading Platform
  • Proton Chain – An open-messaging chain for bank, card, and blockchain payment commands

Metal Pay

Metal Pay allows people to instantly send money to friends, family and businesses with just a phone number and rewards them with some cryptocurrency for each transaction — think next-generation Venmo or Paypal. Metal Pay is the first cryptocurrency platform that combines traditional bank accounts and a cryptocurrency wallet into one application. The account will eventually have retail banking features such as a debit card and the ability to link credit cards.


Trade 16 of the most popular cryptocurrencies directly from the app. Just link your bank, add cash to your account, and start trading. All cash you add or receive is held in an FDIC insured bank account.

5% of the value of all transactions conducted on the Metal Pay application is rewarded to users for sending and receiving money. This reward is credited in the MTL token itself.

One of the best things about Metal Pay is the fact that it is FDIC-insured, so users can rest easy knowing that any fiat funds held on the platform should remain safe in the event of a theft. However, it is important to note that cryptocurrency holdings are not insured. 

Metal X

Metal X is the cryptocurrency exchange arm for the entire Metal Pay ecosystem which went live with its public beta on April 27, 2020. It was the final piece in the overall Metal Pay landscape as it provides a resource for users to easily trade cryptocurrencies.

Like all top-exchanges, Metal X comes complete with both a simple and an advanced interface to provide a viable option for traders of differing experience. On top of this, they have a novel trading fee structure where costs are reduced based on increased trading volume. 

Metal token ($MTL)

  • Circulating Supply: 65,588,845 MTL
  • Total Supply: 66,588,888 MTL

Metal ($MTL) is the native currency of Metal products(Metal Pay, Metal X and Metal Vault) and an essential part of the Metal ecosystem. It is an ERC-20 Token that uses Metal Pay’s unique proof-of-Processed Payments (POPP) to identify and reward users.

Additionally, Metal Pay users pay substantially fewer fees when buying other cryptocurrencies if they also hold MTL, with 0% fees offered to anyone who holds 10,000 MTL. Created to be highly useful and advantageous to hold. MTL has fueled Metal Pay and allowed it to become one of the few FDIC-insured on-ramps to cryptocurrency in the United States.

On the Metal X exchange, users can reduce fees by paying the fee in MTL. Additionally, users can receive loyalty benefits for holding MTL inside the exchange

What can I do with MTL?

MTL is made for everyday use, so cash it out to your bank, pay someone with it, or save it and watch it grow.

Social Media :

Metal (MTL) will be listed on WazirX on December 21!

Signup on WazirX :

WazirX is India’s most trusted cryptocurrency exchange and offers an amazing opportunity to introduce $MTL to over one billion people in India.

To celebrate the listing, WazirX is giving away MTL in contests and they’ll be hosting an AMA with Marshall. Check their blog for more information.