Metal is a blockchain and software development company that was founded in 2016 by Marshall Hayner and is headquartered in San Francisco, California. The company is the creator of the ERC-20 Metal (MTL) cryptocurrency tokens and the Metal Pay mobile digital cryptocurrency wallet (IOS only) that is built on top of the Ethereum blockchain. The Metal Pay digital wallet allows users to freely make purchases and send MTL and fiat currencies to other Metal Pay users by connecting the application to their bank accounts. Each user is rewarded with MTL for making purchases, sending, or holding money on the Metal Pay digital wallet due to its built in Proof of Payments Processed (PoPP) algorithm.
Lead Architect - Mobile
A Payments-Based Cryptocurrencyand Incentivization Network
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January 16, 2017
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- Cryptocurrency walletSoftware that uses public-key cryptography to securely store one or more cryptocurrencies such as Bitcoin, Ethereum, etc. in a digital address.