Each state in the union has its own set of regulatory hurdles that must be cleared before a financial company can begin offering services to its residents. Our team has been working hard to prove that we are completely compliant with current financial regulations, and the regulators in South Dakota agree! Once again, our industry-leading Compliance Team has shown that Metallicus has what it takes to expand into new territories.
By gaining a money transmitter license from the State of South Dakota, Metallicus has now been approved to offer Metal Pay to people living within South Dakota. This means that the Metal Pay family is cleared to grow across the state, from Sioux Falls to Rapid City.
By signing up for Metal Pay, South Dakotans gain access to one of the most exciting ways to buy, sell, send, and receive cryptocurrency. Metal Pay offers a Cash wallet that is FDIC-insured through our banking partner, which allows you to fund your account with fiat currency through a debit card, ACH deposit, or wire transfer. With over 60 different cryptocurrencies offered in our in-app Marketplace, you have lots of options to choose from. Buying and selling cryptocurrency has lower fees than most other crypto marketplaces, and we offer 0% fees for buying XPR and MTL.
Did we mention that Metal Pay lets you send and receive cryptocurrency for free? There’s no charge when you send crypto to a friend on Metal Pay; you can also send cash on Metal pay, meaning you can send money to a friend however they’d like to receive it. That’s the future of finance, all on your phone.
Got questions about signing up for Metal Pay? Check out the Metal University section of our website to get easy-to-read guides for everything you need to do. Feel free to reach out to our world-class Support Team any time if you need a little extra help, you can find them on Twitter here or reach them by email: Support@MetalPay.com
Welcome to the Metal Family, South Dakota!