Crypto MTL: Your Complete Guide to Metal Pay and the MTL Token

What is Crypto MTL? Unpacking the Metal Pay Ecosystem

Crypto MTL refers to Metal Pay’s native cryptocurrency token, MTL, powering a revolutionary payment platform bridging traditional finance and blockchain. Launched in 2016, Metal (MTL) enables instant fiat-to-crypto transactions while rewarding users with cryptocurrency for everyday purchases. Unlike conventional payment processors, Metal Pay leverages blockchain technology to offer:

• 5% “Proof-of-Processed-Payment” (PoPP) rewards in MTL tokens for spending
• Seamless USD-to-crypto conversions with no hidden fees
• FDIC-insured USD wallets for regulatory compliance
• Integrated exchange for trading 30+ cryptocurrencies

How Metal Pay Works: The Engine Behind MTL

Metal Pay functions as a hybrid mobile banking and crypto app available on iOS and Android. Users fund accounts via ACH transfer or debit card, then spend USD while automatically earning MTL tokens. The PoPP rewards system incentivizes adoption – every dollar spent generates crypto back. Key mechanics include:

1. Spend: Use Metal Pay debit card or in-app payments
2. Earn: Receive 5% back in MTL tokens instantly
3. Convert: Swap MTL for BTC, ETH, or other supported coins
4. Withdraw: Transfer crypto to external wallets or cash out to bank

Top 5 Use Cases for MTL Tokens

Beyond earning rewards, MTL serves multiple utility functions within the ecosystem:

• Fee Discounts: Pay transaction fees 50% cheaper when using MTL
• Staking: Earn APY by locking tokens to support network security
• Governance: Vote on platform upgrades and treasury allocations
• Merchant Adoption: Businesses accept MTL for zero-processing-fee payments
• Cross-Border Transfers: Send value globally at fraction of traditional remittance costs

Buying and Storing MTL: A Step-by-Step Guide

Acquiring MTL tokens is straightforward:

1. Download Metal Pay from App Store or Google Play
2. Complete KYC verification (requires ID and selfie)
3. Deposit USD via bank transfer or debit card
4. Navigate to “Trade” section and swap USD for MTL
5. Store tokens in-app or transfer to hardware wallets like Ledger for enhanced security

MTL is also tradable on major exchanges including Coinbase, Kraken, and KuCoin with trading pairs like MTL/USD and MTL/BTC.

Metal Pay vs. Traditional Payment Systems

Metal Pay disrupts legacy finance through blockchain advantages:

Feature	Metal Pay	Traditional Banks
Rewards	5% crypto back	1-2% cashback
International Fees	0-1%	3-10%
Settlement Time	Instant	2-5 business days
Account Control	Non-custodial options	Fully custodial

Future Outlook: What’s Next for Crypto MTL?

Metal’s 2023 roadmap highlights:

• Expansion to European markets following MiCA compliance
• NFT marketplace integration with MTL payment options
• DeFi partnerships for yield-generating vaults
• Enhanced merchant tools for brick-and-mortar crypto adoption

With growing regulatory clarity and increasing crypto payment adoption, MTL’s real-world utility positions it for potential long-term growth.

Frequently Asked Questions (FAQ)

Is Metal Pay available worldwide?

Currently available only in the U.S. with European rollout planned for 2024. VPN usage violates terms of service.

How are MTL token rewards taxed?

Rewards are taxable as income in most jurisdictions. Consult a tax professional – Metal provides annual 1099 forms for U.S. users.

Can I use Metal Pay without KYC?

No. Full identity verification is mandatory per FinCEN regulations to prevent money laundering.

What’s the maximum MTL supply?

Fixed cap of 66,588,888 MTL tokens. Current circulating supply is approximately 66.5 million (99% released).

Does Metal Pay charge for USD withdrawals?

First withdrawal monthly is free. Subsequent ACH withdrawals cost $1.50. Crypto withdrawals have variable network fees.

Is MTL mining possible?

No mining – all tokens were pre-mined. New MTL enters circulation solely through PoPP rewards.