Metal Wallet – Mobile Bitcoin Payment & Cryptocurrency Storage?

Metal Pay is a payment platform that gives users rewards of up to 5% every time they spend. Find out how it works today in our review.

What Is Metal Pay?

Metal Pay, found online at, allows you to transfer money around the world using only a phone number. You earn rewards every time you spend or make a purchase.

Users earn METAL tokens as loyalty coins. You can connect your bank accounts to the platform, then send money to friends, family, or merchants with a single click.

Some have called Metal Pay the OmiseGO of America. It’s a consumer-friendly payment and rewards platform built on blockchain technology.

How Does Metal Pay Work?

Metal Pay consists of a prepaid debit card you can use to spend crypto. Of course, there are dozens of blockchain companies offering that service. So what makes Metal Pay different?

Metal Pay offers users an FDIC-insured bank account where they can store fiat and cryptocurrencies, including BTC, LTC, ETH, and ERC20 tokens (at least initially). You can direct deposit paychecks from work into your Metal account, then buy crypto within your account. That means an end to wire transfers to Coinbase or Gemini – and their high fees.

Another unique thing about Metal Pay is its 5% bonus system. Obviously, most credit cards – even the ones with high annual fees – do not offer bonuses this high. Metal Pay appears to be structuring its loyalty program based on a reserve of 21.5 million MTL tokens.

Ultimately, Metal’s process is similar to bitcoin, but with a user-friendly interface and front-end similar to Venmo, Square, or PayPal. It offers the user-friendly service of these platforms with the low fees and international transactions of bitcoin and other cryptocurrencies.

Metal Pay Features

Metal Pay advertises all of the following features:

  • Powerful: Take control of your money with actual digital cash.
  • Gamified: Earn METAL loyalty coins as you spend more money through Metal Pay.
  • Connected: Send payments to friends and family with a single click.
  • Instant: Lightning fast clearance time with every transaction.
  • Tech Support: Metal Pay offers tech support 24 hours a day, 7 days a week.
  • Secure: Metal Pay keeps your personal data secure through encryption.
  • Plugins: Metal will develop platforms for platforms like WordPress and Drupal.
  • Split Payments: Create an event and start a split payment. Invoice the group and then watch as you approach the goal, making it easy to pay with friends.
  • eCommerce Platform: Metal may introduce a Shopify-style eCommerce platform with Metal rewards as the key market differentiator.

How Do METAL Tokens Work?

METAL tokens, or MTL, are the native currency of the Metal Pay platform. METAL is fairly distributed through a system known as Proof of Processed Payments, or PoPP. When you send money or make purchases, you earn a small reward in METAL for every dollar you spend.

There’s a total supply of 66.5 million MTL. Users can earn up to 5% MTL on every purchase, or get huge discounts when buying stuff using MTL tokens.

METAL tokens are already available on the market. The currency has a market cap of around $90 million USD, putting it in the top 60 biggest cryptocurrencies worldwide. At the time of writing (early November 2017), the coin was sitting at a price of around $5 per MTL.

The coin had previously hit a high of around $14 per MTL in September 2017 after launching in July.

Uses For Metal Wallet

Metal can serve as a payments processing platform for a wide variety of industries. However, Metal’s whitepaper identifies a few key target markets to look at first, including:


Companies that make pharmaceutical-grade, standardized nutrients could benefit from a payment processing platform like Metal.


The Cannabis industry is one of the biggest early adopters of digital tokens. The legally-regulated sale of cannabis is ripe for the introduction of a payment platform like Metal.


The Metal whitepaper identifies adult stores and online adult product sales, including adult entertainment media. The market is worth $10 billion in the United States, while the adult products market is estimated at $15 billion.


The US economy for eSports, including online advertising, sponsorships, media rights, merchandise, and tickets, was estimated at $175 million for 2016, and this number is expected to grow over the coming years.

In addition to these platforms, Metal is exploring the “gig” or “shared” economy. They also believe their platform will be attractive to cash-intensive small businesses like bars and restaurants, as well as the nascent DAO/DAPP economy.

Who’s Behind Metal Pay?

Metal Pay is led by Marshall Hayner (CEO and Co-Founder) and Glenn Marien (CTO). The company is officially registered under the name Metallicus Inc.

Prior to creating Metal Pay, Hayner had made headlines for his Trees startup, which was focused on delivering marijuana by drone. That service has been put on hold to develop Metal Pay.

Development on Metal Pay began in 2016. A beta was launched in spring 2017, while banking services rolled out in summer 2017. By fall 2017, the platform plans to introduce merchant adoption features, including Shopify-style integrations and online business plugins, along with a PoS system consisting of an NFC reader.

Metal Pay Conclusion

Metal has been called the OmiseGO of the United States. It sees an opportunity to work as a middleman between cryptocurrencies and merchants. Metal will provide various services to merchants, including PoS systems, online plugins, and more, while also giving customers an attractive 5% loyalty program bonus. It aims to offer the convenience of PayPal, Square, and Venmo with the low costs of cryptocurrencies.

Find out more about how Metal works today by visting the platform online at

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