Metallicus Metal Pay Blockchain Crypto Payment App Launches and “Pop” MTL Rewards
Metal Pay, A Blockchain Based Payment App Launched By Metallicus
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 athese rewards called ‘Pop’ are delivered by Metal’s cryptocurrency MTL and can be sent to another Metal Pay user.
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.
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.”
Metallicus has jump-started its Metal Pay not merely as a means to create a technological payments revolution, but to allure more people to the cryptocurrency industry at large. Although the crypto market value is approximately $200 Billion, Metallicus contests that this is largely a rounding error on the part of big banks. The company built Metal Pay as a simplified payments system, much like Venmo, but with the added incentive of users being rewarded monetarily.
How Does It Work?
The process of signing up for the payments service, like the app itself, is made to be simple. The following is the process by which those interested in the app can use it. First, interested users must sign up. They can do this by linking a bank account to the app and verifying their identity and phone number. After signing up and verifying your account, users may begin to send money to others. The payments usually take less than a minute to be accepted or declined.
After users transfer money, they may begin earning MTL for every dollar they sent or received, for up to 5% of the value of the transactions. This can be earned by doing daily things like paying bills, shopping or going to a restaurant.