Metal is a payment processor for transferring digital money instantly anywhere around the globe.
It’s lightning fast and secure. Plus, you can earn rewards every time you send or spend.
Metal considers itself the future of money. As it is now our money, unless you’re holding cash, is just a number on a screen. We take it for granted it will always be there. Metal is actual digital cash in your pocket.
Money in the bank doesn’t do much for us. It generally just sits there. And these days there’s very little interest to be made.
What distinguishes Metal is that it can give you value for your assets beyond just money sitting in a bank account.
Metal recognizes the money landscape is changing. Now we have digital cash, rewards, loyalty points, gaming credits, and others all coming together to form a new ecosystem where you can do more with your money. And Metal is going to be the platform to earn and spend them.
For users Metal is going to be a lot like Venmo or Paypal. But in the background, it’s a blockchain-based system. It uses Proof-of-Processed-Payments (PoPP) to identify users and reward them for converting legacy fiat into cryptocurrency.
Metal believes it can save consumers 4-5% on all purchases. It’ll use those savings to reward Metal users. You can earn MTL for every dollar you spend and get discounts on purchases with MTL.
MTL is an ERC20 token and there’s a total of 66.5 million. Roughly 21 million were distributed in the token sale. Another 26.3 million will be distributed through PoPP. Another 13.4 million is part of the operational pool. And the rest went to the team and investors.
The Metal app is already available. For the rest of 2018 Metal plans on integrating with prepaid debit cards, being accepted anywhere credit cards are accepted, and adding merchant adoption features.
What do you think of Metal? Anyone using the app yet?
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