There’s been a lot of buzz about this new ‘crypto PayPal’ lately. I decided to weigh in a little and give a brief overview of what Metal Pay is all about and how you can get paid using the app.
Metal Pay is a blockchain oriented platform focused on providing excellent payment solutions to its users. Launched in the first quarter of 2018, the new kid in the block has pushed its way to the top of the food chain by giving out incentives to users whenever they send or receive money through the app. Users are also rewarded for holding the native currency – Metal (MTL) in their wallet for a certain period of time and referring friends to join the platform.
The goal of the platform is to marry the traditional financial world in tandem with the ‘new’ crypto economy by building a rail from the Island of cryptocurrency to the mainland of the traditional financial world.
Basically, Metal Pay operates like PayPal. It serves as a payment and processing platform that enables its users to send, receive or hold fiat currencies and cryptocurrencies. Only in this case, instead of charging you for using the platform, Metal Pay actually pays you up to $5 for each transaction. You get to earn $5 for every $100 transferred or received and your friends too. Imagine how much you would make by simply paying with this app and doing other financial transactions on the app. Incredible!
The $5 is awarded in the native currency – MTL, however, you can convert it to USD instantly. You can also send it in the form of a crypto coin to your friend’s wallet. All with just a few clicks!
A striking feature of the MTL app is that you can buy and sell other cryptocurrencies listed on the app. Besides the native coin, Metal, the app currently supports crypto coins such as Ethereum, Ripple, Bitcoin, Zcash, Bitcoin Cash, Dogecoin, Stellar, Litecoin, Basic Attention Token, Binance Coin, Waves, 0x, EOS, Monero, and Dash.
In essence, this is not just a conventional crypto app. It is a one-stop app for all your crypto and fiat transactions, with icing on it.
P.S. Metal Pay is available to selected states in the US only. People in states like Alabama, Connecticut, Georgia, Hawaii, Idaho, New York, North Carolina, and Washington cannot use this crypto PayPal. I guess they are working on that though. I will keep you posted.
Getting started is as easy as A, B, C. Simply download the app (Note the app is available on the iOS platform only) and sign up by entering your phone number and a password of your choosing. Then link a bank account, set your profile picture, and start investing.
1. Excellent Banking Solution:
Metal Pay serves as a decentralized bank. It gives users 100% control of their money – both virtual and fiat currencies.
2. It is Rewarding: The Proof of Processed Payments (PoPP) approach makes ‘banking’ fun by rewarding users with 5% of the amount received, transferred or held in the wallet. By simply using the platform for all cash-related transactions, you can earn massively at the end of the month. Even better, the other party or parties get to earn too.
3. Integrating the real world with the virtual world: One of its astounding features is the ability to merge the traditional financial world with the virtual world. Metal Pay flawlessly merge both worlds, providing users with access to the financial world on a single app.
4. Utmost Transparency: The underlying technology, blockchain, ensures a high transparency level in the platform. Everything on the platform is stored on an immutable technology called the blockchain. The developer identities are also made open to the public. Thus, increasing the level of trust in the space.
Refer-A-Friend Bonus Program
The Refer-A-Friend program is a great way to increase your earning on Metal Pay, especially for ‘non-heavy spenders.’ Metal pay rewards you $6 for every member that signs up through your link. That’s right. You get to earn without paying or receiving. Upon completing your registration, there should be a link with which you can invite your friends, family, and colleagues. For each successful sign up, you and the person you referred will receive $6 each.
Although your account will be credited with the native currency – MTL, you can easily convert it to USD and transfer it to your local bank or use it to make a purchase. You even get extra MTL when you spend the coin. Also, remember you get rewarded for holding the coin too. So, you get to earn something either way.
Cash-related transactions have never been easier and more fun. Instead of paying transaction fees every time you use the bank or credit cards, why not trade with an app that pays you for virtually everything you do – transferring money to your family and friends, paying for purchases made online and in local shops, holding the coin in your wallet, and bringing a friend to enjoy free cash with you. Does it get better than this?