Metal
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Metal in numbers
Metal (MTL) ranks #603 by market capitalization, at $29.40M. It belongs to the CeFi sector (Centralized Payments). It has traded since Jul 8, 2017, across 58 markets on 15 exchanges, with $753.41K of volume in the last 24 hours. Its all-time high of $14.60 was reached on Sep 7, 2017; the current price is 98.3% below that peak. Its cycle low of $0.125073 came on Mar 13, 2020.
94.08M MTL are in circulation. 2 team members are listed. Development data lists 0 core developers and 1 code commits. It is available on 2 networks.
About Metal
Metal Pay (Metallicus, Inc.) develops blockchain payment products for digital assets. The company was founded in 2016, with its headquarters in San Francisco, California. Metal's flagship product, Metal Pay, is an FDIC insured bank account which allows for the purchase, sale, and P2P transfer of over 40 cryptocurrencies. Metal Pay allows people to instantly send money to friends, family and businesses with just a phone number and rewards them with some cryptocurrency for each transaction.
Background
Metal believes that peer-to-peer payment networks deserve sleek applications to accelerate the mainstream adoption of said payment networks. Bitcoin and Ethereum, according to Metal, are important technologies that are difficult to interface with and could benefit from complementary applications bridging the divide between Bitcoin and the average consumer.
For this reason, the Metal team aims to build a pristine peer-to-peer cryptocurrency payment processing application for crypto users of all varieties; Metal's target demographic is everyone from sophisticated individual investors to low-tech merchant retailers.
Today, Metal has over $160 Million of AUM and 200,000 Registered Users, generates $16 Million in transaction volume and employs over 50 full time employees.