"Metal is a blockchain-based system utilizing Proof-of-Processed-Payments to identify users, rewarding them for converting legacy fiat currency into cryptocurrency. It is a system similar to Bitcoin but with a user-friendly interface and front-end that is similar to Venmo, Square or PayPal. Metal can act as a bridge to bitcoin or any cryptocurrency available. Many small businesses across the world prefer to only accept cash. However, in an increasingly cashless society, refusing to accept digital and card payments can be problematic. Put simply, Metal believes cash only businesses can benefit by adopting cryptocurrency as a new new form of cash, as cryptocurrencies possess many of the same properties particularly around privacy, censorship resistance and fungibility. In order to bring digital payments into a world that utilizes blockchain-based technology over some traditional banking rails, Metal expects to save consumers 4-5% on all purchases."
What we don't like:
Metal’s success is depended on those willing to use the Metal platform. If merchant choose to use metal and don’t have the customer base for it they may lose interest, or vise versa. Metal has delayed the release of their platform. Like all unreleased crypto projects, this means an investment in Metal is a gamble that the Metal team will release a good product.
What we like:
Metal is a great concept to bring a square style payment system to the blockchain. Metal is realistic about its non blockchain competition in the market and is going after businesses that traditional payment systems have turned their back on. Metal is the universal wallet that will store BTC, ETH, Metal for payment features. As well as an easy on boarding system from any Fiat into crypto.