Metal is a blockchain project aimed at simplifying and making cryptocurrencies more accessible to the general public. The Metal Pay ecosystem has several components that work together to achieve this goal.

Metal Pay is a payment processing app that allows users to send, receive, and spend money in fiat and cryptocurrency. Every transaction conducted through the Metal Pay app has the potential to earn users up to 5% back in MTL tokens.

For instance, if you spend $100 using the Metal Pay app, you and the recipient could earn up to $5 worth of MTL tokens. These tokens serve as liquid Metal that can be easily traded for other cryptocurrencies on exchanges or converted into cash within the app.

The Metal Pay ecosystem includes two main applications:

Metal Vault

This web wallet can store various cryptocurrencies, including MTL, Bitcoin, Ethereum, and ERC20 tokens. Metal Vault also has plans to incorporate FDIC-insured bank accounts, enabling users to purchase Metal within the wallet, thus earning more MTL.

Metal Pay

Metal Pay is the payment processing app available on iOS. It allows users to send money to friends and merchants using phone numbers. Users are rewarded with MTL tokens for sending and receiving money through the app. The app's functionality also includes buying and selling various cryptocurrencies directly within the app.

Metal Pay is a comprehensive digital wallet and payment ecosystem offering various features and benefits related to cryptocurrency transactions and financial interactions. Heres more information on how Metal Pay works:

Earning MTL

Metal Pay rewards users with its native cryptocurrency, Metal (MTL), when they use the platform. Users can earn up to 5% back in MTL for every transaction they make within the Metal Pay app, such as sending money, receiving payments, and making purchases.

Proof of Processed Payment (PoPP)

Metal Pay utilizes Proof of Processed Payment (PoPP) to distribute MTL rewards. When transactions are processed within the app, users can receive MTL rewards through PoPP. The reward system encourages user engagement and adoption of MetalPay.

Secure Crypto Wallet

Metal Pay offers a secure crypto wallet that supports various cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and ERC20/23 tokens. This wallet provides users with a convenient way to store, manage, and trade digital assets.

Bank Account Integration

MetalPay provides users with an FDIC-insured US-based bank account with a checking account, routing number, debit card, check-writing capability, and ACH/Wire capability. This integration enables seamless movement of funds between traditional banking and cryptocurrency transactions.

Zero Transaction Fees

Sending MTL to other Metal Pay users incurs 0% fees, making it an attractive option for peer-to-peer transactions. However, merchants accepting fiat for fiat payments are subject to a 3% fee.

Pop Score

Metal Pay introduces the concept of a Pop score, which influences the amount of MTL users can earn per transaction. The score depends on factors such as the user's MTL holdings within the Metal Pay app.

Buy, Sell, and Trade Cryptos on Metal App

Metal Pay lets users buy, sell, and trade cryptocurrencies directly within the app. Users can purchase digital assets using Metal Pay, with lower trading fees than traditional exchanges.

The founders of Metal Pay include Marshall Hayner, Fred Krueger, Jacob Davis, and Glenn Marien. Marshall Hayner, in particular, has a background in projects like Quickcoin, Trees, and the Stellar project.

Metal Pay has undergone several versions and updates to enhance its functionality and features. Metal Pay 3.0, for example, introduced the integration of the Proton XPR chain, enabling users to interact with the Proton blockchain using authentication and push signing technology. This integration aimed to establish a more secure and efficient platform for transactions and interactions within the Metal Pay ecosystem.

One of the key objectives of Metal Pay 3.0 was to introduce a new username model, where every Metal Pay user would have a unique @name stored on the Proton blockchain. This @name serves as a way to identify users and facilitates sending funds between users.

Additionally, Metal Pay 3.0 introduced a non-custodial crypto tab that allowed users to send and receive Proton tokens, including wrapped tokens like Proton Wrapped Bitcoin (PBTC). The new Metal Pay wallet also responded to Proton Chain payment push requests, enhancing the user experience.

Metal Pay 3.0 aimed to improve the platforms interface with blockchain authentication and signing requests. Instead of relying on a hard-coded app store with deep links, Metal Pay 3.0 introduced a system where users could authenticate through QR codes and push payment requests directly within the wallet. This streamlined approach aimed to make transactions smoother and more secure.

Considering the following factors, Metal DAO (MTL) could be a good investment:

• MTL Token Utility: Metal DAO serves as the utility and governance token of the Metal Pay ecosystem, used for platform interaction, trading, payments, and governing the Metal Dollar stablecoin.
• Metal Pays Unique Features: Metal Pay offers a user-friendly mobile app that integrates traditional and digital currencies, aiming for mass-market adoption.
• Integration with Proton Blockchain: Metal Pay 3.0 introduced integration with the Proton XPR chain, enhancing security and efficiency within the ecosystem.
• Future Utilities of Metal DAO: Metal DAO's future utilities include proposing new stablecoins for the Metal Dollar basket, defining allocation ratios, and participating in voting for new stablecoin issuers.

While providing an accurate MTL price prediction is impossible, monitoring the following factors can help understand price trends in Metal DAO:

• Level of Adoption of Metal Pay: Increased usage of MTL within the Metal Pay ecosystem can lead to higher demand and potentially higher MTL price.
• Future Developments in the Metal Ecosystem: Updates, improvements, or new features to the Metal Pay platform can impact the MTL to USD price.
• Metals Partnerships and Collaborations: Collaborations with other projects, businesses, or institutions can influence the price of MTL token.
• Investor Sentiment Toward Cryptos: Positive or negative news, partnerships, and sentiment can affect Metal crypto price movements.

Metal DAO (MTL) is a utility and governance token within the Metal Pay ecosystem. Here's how to use MTL:

• Integration and Usability: MTL integrates with various platforms and can be traded on exchanges like BYDFi. It is usable within the Metal Pay platform for payments, trading, and transactions.
• Governance of the Metal Ecosystem: MTL token holders can propose and vote on changes and decisions related to the Metal Pay platform.
• Tiered Trading Discounts and Benefits: MTL holders can enjoy tiered trading discounts on the Metal Pay app based on the amount of MTL they hold.
• Governing the Metal Dollar (XMD): MTL plays a crucial role in governing the stablecoin known as Metal Dollar, including proposing new stablecoins and determining their allocation ratios.
• Trading MTL on Exchanges: MTL can be traded on various cryptocurrency exchanges, providing liquidity and trading opportunities.

To earn on Metal Pay, participate in the Pop rewards program:

• Pop Rewards: Pop is the MTL reward distributed to Metal Pay users for making transactions. Users can earn up to 5% back in Pop on each peer-to-peer cash transaction.
• Eligibility: To be eligible for Pop rewards, payments must be processed. The eligibility criteria vary depending on the source of funds.
• Pop Score: Metal Pay introduces the concept of Pop score, which will influence the maximum Pop reward per transaction in a later version of the app.

Metal Pay has formed partnerships with various entities, including:

• EvoShare: Metal Pay partnered with EvoShare to provide users with crypto cash-back for online shopping activities.
• Railsbank: Metal Pay partnered with Railsbank for its European launch, likely involving enabling financial services and capabilities for Metal Pay's expansion into the European market.