Written by Metal Team

On October 31, 2019

Metal Heads-up — October 2019

Boo! 👻 🦇 🎃

Did we scare you? We know it’s the spookiest season, and we hope you’ve had a lot more treats than tricks this year. October has been one of the most thrilling months here at Metal, and we can’t wait to give you all the details.

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A Qtum Leap Forward

This month we were excited to announce the addition of Qtum (pronounced: quantum) to our Marketplace. Qtum is a unique cryptocurrency – a blend of Bitcoin’s security with Ethereum’s functionality – so it was a natural fit in our ever-growing Marketplace. We’ve loved getting to know the Qtum Team over these past few weeks and we hope that you all take a look at the impressive token that they’ve built. This makes Qtum the 21st cryptocurrency to be offered in our Marketplace – not bad for an app that’s a little over a year old.

Speaking of our Marketplace, you’ll notice that it’s growing steadily but not rapidly. That’s because we take the time to fully investigate a cryptocurrency before offering it to our users. We want to ensure that our partnerships add something of value to our Marketplace – we’re not worried about trying to list as many coins as possible at a record pace. Our methodical, goal-directed approach ensures our Marketplace has both selection and quality; we don’t want to force you to choose one or the other.

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Expanding Our Reach

October also saw the creation of Metal VC, a first-of-its-kind cryptocurrency investment program. Metal VC was made to build fruitful and lasting partnerships; Metal can partner with and send funds immediately to impressive cryptocurrency companies and start-ups that are increasing the speed of innovation. More information about Metal VC and what it entails can be found on our original announcement post.

We believe banking is a fundamental human right, and we think people should have access to honest, ethical, and useful financial products. By partnering with other like-minded movers and shakers, we can ensure this becomes a reality for more people. This is about more than just investing money: our partners have access to members of our team, who are ready to give them guidance, support, and advice. We’re down for whatever helps them succeed and helps push the cryptocurrency movement forward.

Metal VC

Metal to the Power of X

Our community loves Metal Pay, and we’re pretty happy with what we’ve created, too. But Metal was always meant to be more than our top-class payment app – it is a platform encompassing different applications that all work toward making decentralized finance a reality. That’s why we’re taking the next step forward with the creation of our new exchange, Metal X.

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With Metal X, we are committed to offering industry-low fees, as our Metal Pay users already know and love. Users on Metal X can also expect to see trading discounts for holding MTL, similar to our existing Metal Pay structure. More information is coming soon, but for now we hope you enjoy this sneak peek into what’s on the way. Similar to our ongoing Android roll-out process, you can expect to see closed alpha testing of Metal X, followed by a closed beta, open beta, and a full launch.

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Charting Our Course

We know that one of the most important aspects of any cryptocurrency app is being able to watch prices of various tokens change over time. Buying, selling, trading, and sending cryptocurrency is great – but how can you make an informed decision if you don’t know what the historical trends are? That’s why we’re working on rolling out a charts section within our app to let you see all of the data available and make the best choices.

This is in line with our overarching goal of making Metal Pay your number one source for all things crypto. Soon there won’t be a need to open up another app, window, or tab – everything you could need will be housed within the Metal platform. Metal Pay users will soon enjoy in-depth charts, historical trend data, minute-by-minute updates, and will be able to act on that information immediately.

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Developers of the World, Unite!

This month at Money20/20, Metal CEO Marshall Hayner announced the creation of the Blockchain Engineering Task Force (BCETF) as the logical next step in the continued growth of cryptocurrency. Right now, progress is being slowed across the cryptocurrency industry by competing designs, confusing organization, and a lack of clear goals. The BCETF will help establish clear, universal, voluntary standards for all cryptocurrency companies to work towards and meet. These universal standards will allow other industries to begin integrating blockchain technology and cryptocurrency at a rapid pace.

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A similar task force was created years ago to help standardize Internet infrastructure and ensure progress happened smoothly, the Internet Engineering Task Force (IETF). The BCETF has a similar vision to IETF and will seek to create guidelines for blockchain technology, cryptocurrency infrastructure, and other areas of development. Visit bcetf.org for more information, and stay tuned for updates on this exciting leap forward.

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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 | Steemit

🤘 Your friends at Metal 🤘

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