What is metal coin (MTL)?

Metal Coin (MTL), the cryptocurrency of the US-based peer-to-peer (P2P) payments platform Metal Pay, saw a big spike in trading on Monday, after the startup announced it had gained a money transmitter license from the US state of Washington. Metal Pay called the licensing win a “big moment” in a blog post announcing its success.

Will metal coin become a federally chartered bank?

The startup is still awaiting the result of its application to become a federally chartered bank. Metal Coin (MTL), the cryptocurrency of the US-based peer-to-peer (P2P) payments platform Metal Pay, saw a big spike in trading on Monday, after the startup announced it had gained a money transmitter license from the US state of Washington.

What is the future of metal's price?

As with most coins in 2018, Metal’s price saw a retracement. However, the price is impressive given that Metal Pay has not even launched yet. The future of the price will hinge on several different factors. The team needs to start delivering on their goals, starting with Metal Pay and merchant integration.

What is metal pay and how does it work?

Metal wants to reward you with free MTL tokens for simply spending cash or converting fiat into cryptocurrency. When you spend, send, or receive money in the Metal Pay app, you can earn up to 5% back in MTL tokens. For example, when spending $100 with the Metal Pay app, both you and the recipient can earn up to $5 in MTL.