Metal

MTL-USD is a cryptocurrency that is based on blockchain technology and aims to facilitate fast, secure and low cost transaction services for global users. The currency is often referred to as the Metal Pay Token or simply MTL.

The Metal cryptocurrency is designed to integrate and provide users with a seamless mobile payment experience that is more accessible for consumer engagement compared to traditional banking channels. The app allows users to transfer cryptocurrency between each other, convert cryptocurrency into fiat currency, and make online payments using MTL.

The ability to convert cryptocurrency into fiat currency provides users with a level of flexibility and convenience. By doing so, users can easily access their funds without the need to manually convert their cryptocurrency into another conventional currency, such as USD.

Metal Pay also provides an incentive system that rewards users with loyalty points for every transaction they make on the platform. These loyalty points can be exchanged for varying levels of MTL. This point system is designed as a means of encouraging members to use the platform and thereby increase its overall adoption and usage.

In addition to Metal Pay, the Metal token is also utilized on other decentralized applications and merchants that accept cryptocurrency payments. Being an open-source blockchain token, the Metal architecture can be utilized in other online eCommerce sites, such as online stores, e-marketplaces, and payment gateways.

The Metal cryptocurrency is built on top of Ethereum, which provides robust security and stability. It also utilizes a Consensus algorithm Proof of Process (PoP), which is an integration of two other consensus algorithms, Proof of Work (PoW) and Proof of Stake (PoS). Through this integration, the Metal blockchain offers a high level of security and stability in its architecture, ensuring that transactions are fast and cost-efficient.

As of 2021, MTL-USD has a market capitalization of over $68 million and is listed on various major cryptocurrency exchanges, such as Binance, Huobi, and BitMax. The cryptocurrency is expected to continue growing in popularity as more and more merchants and consumers adopt it for online payment purposes.