The cryptocurrency Metal ($MTL) is truly on its way to revolutionizing the way people use digital money and enabling them to carry a bank in their pocket. Metal was established with the aim of simplifying things for people when it comes to the use of cryptocurrency.
With Metal at your disposal, one is in complete command of their digital cash. It is just a matter of a click as payments are sent instantaneously to family, friends, associates, and to anyone you'd like digitally.
Transactions are settled quickly and easily. It's safe and secured for personal data tied to transactions which are always encrypted.
Official Website: https://www.metalpay.com/
Since cash-based businesses have their work cut out in finding banking and merchant processing relationships for their businesses, these businesses are looking for alternate options to utilize. Cash intensive merchants, high-risk merchants and those who have accepted cryptocurrency in the past are looking for the ability to use solutions like PayPal, Square Venmo, etc. for their business without the risk of being shut down without any notice.
Metal seems to "get it" when understand the needs of cash-based business, and high-risk merchant processors where the need to store excessive amounts of cash securely is the goal or to process transactions without high fees.
Management Team
Marshall Hayner, the co-founder of Metal is an amazing personality. An early Bitcoin enthusiast and investor, Marshall started his start-up Quick Coin for making Bitcoin easy and convenient to use.
The other team members of MTL who have played a role in the making of the company are Andy Goldstein, the head of the Chief Operations. Oscar Munoz looks after the risk and compliance affairs of the Metal Payments. Madisyn Li is the Chief Creative Officer at Metal Payments. Glenn Marien is the CTO at Metal Payments. Scott Davis is the iOS developer of the company.
What's Interesting about Metal?
A process known as Proof of Processed Payments (PoPP) is adopted for fair distribution of Metal. It acts as a verifiable process of identifying users and for the distribution of new currencies into the system. Side by side, it rewards those users converting fiat currency into cryptocurrency.
An Ethereum ERC20 Token using Metal Pay's unique Proof-of-Processed Payments (PoPP) for identifying and rewarding users is called by the name of Metal Token or $MTL as some people like to refer to it as.
From peer-to-peer transfers to real-time invoicing MTL is capable of performing all the tasks that can be done by a traditional payment app.
The real world industries that Metal could well serve are Nutraceuticals, Cannabis, e-Sports, etc. Some other markets are also being explored by Metal like that of the gig or 'sharing' economy and for small businesses like restaurants and bars too.
What's most exciting about Metal is that they are aggressively focused on providing solutions for high-risk merchants. That segment of the market is often neglected and could potentially be very lucrative for Metal if they find initial success serving the needs of those merchants with in the first year of the company launching.