Metal (MTL) is the native currency of Metal products and an essential part of the Metal ecosystem. Sending and receiving any crypto to friends on Metal Pay is, according to the team, instant and feeless. Designed to make cryptocurrency payments fast and easy, users pay zero fees when sending, receiving, buying, or selling MTL.
Additionally, Metal Pay users pay substantially less fees when buying other cryptocurrencies if they also hold MTL, with 0% fees offered to anyone who holds 10,000 MTL. Created with the goal of being highly useful and advantageous to hold, MTL has fueled Metal Pay and allowed it to become one of the few FDIC-insured on-ramps to cryptocurrency in the United States.
