Written by Logan

On September 2, 2020

Metal Heads-up – August 2020

August is one of those busy months where the sleepy days of summer give way to a whirlwind of activity. Parents around the country are scratching their heads trying to figure out how school is supposed to look this year, and college students are doing the same. While we’re not going back to school again anytime soon, we’ve been just as busy building new features, making progress on Proton, and growing as a company. Let’s take a peek under the hood to see what’s happening at Metal.

Metal Pay – 2.5 brings us closer to Europe

It seems like just yesterday that we shipped the Metal Pay 2.4 update for iOS users, but we didn’t slow down after that. We’re hard at work on the Metal Pay 2.5 update, which will bring tiered onboarding, the ability to search for other Metal Pay users, and so much more. Tiered onboarding is a pretty big deal; it’ll allow people to try out Metal Pay before submitting their personal information, and it allows us to expand to countries with different regulations regarding banking features. We expect this update to ship very soon, so stay tuned for more information.

Proton – Staking and new Exchanges

One of the biggest updates to come to Proton is the ability to stake Proton and earn XPR. This means that users will soon be able to use their Proton holdings to vote for block producers, contribute to the overall ecosystem, and earn rewards for participating – a great way to earn passive crypto.

This month also saw Proton go live on OKEx – one of the largest exchanges by volume and an exciting expansion for XPR. This means that more cryptocurrency traders, investors, and holders have access to Proton and can participate in the future that we’re building.

Company Update – Metal acquires Bloks.io

We’ve been rapidly expanding here at Metal, doing whatever it takes to push the boundaries of what cryptocurrency can do and completely redefine finance as we know it. Back in May, we officially merged with Lynx to continue the important work of building a decentralized future. This month, we took another giant leap by acquiring Bloks.io, the homepage for the EOSIO universe.

This means that another world-class developer has joined the Metal platform. Now, the combined efforts of the teams from Metal, Lynx, and Bloks.io are tightly focused on building a consumer-friendly crypto payments platform. As our CEO, Marshall Hayner said, we now have the “escape velocity necessary to bring easy-to-use crypto to the mainstream.”

In Case You Missed It…

  • Our latest acquisition generated a bit of media buzz as the rest of the industry caught wind of our continued growth.
  • Meet Syed Jafri! As a core member of the Bloks team, we’re excited for Syed to help us continue the important work we’re doing for cryptocurrency and finance as a whole. Make sure you give him a warm welcome to the Metal Family!
  • Our Executive Chairman, Fred Krueger, has been taking deep-dives into various cryptocurrency concepts on his personal Twitter and explaining how we’re approaching this industry. Be sure to check out his latest Twitter thread on wrapped cryptocurrencies.

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Read more about what’s been going on at Metal by checking out the Blog section of our website – there’s lots that we couldn’t fit in this update. As always, keep an eye out for more updates by checking Discover in the Metal Pay app, and following us on social media: Twitter | Instagram | Facebook

🤘 Your friends at Metal 🤘

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