Written by Logan

On December 13, 2021

New coins added to Metal Pay: ALGO, MATIC, AXS, & ICP

The Metal Pay Marketplace continues to grow with the addition of ALGO, MATIC, AXS, and ICP! This brings the total number of cryptocurrencies available on our marketplace to 52, creating even more options for you to buy, sell, send, and receive crypto with the team that you know and trust.

This is the first time the Metal Pay Marketplace has offered over 50 different cryptocurrencies to choose from, and is part of our commitment to bring our users more options from the DeFi space. We know that Metal Pay is the best place to use cryptocurrency, and we hope that the addition of these new tokens help introduce Metal Pay to new audiences.

Here’s a look at what each of these new cryptocurrencies are all about:

Algorand – ALGO

Since its creation in 2019, Algorand has made strides in positioning itself as a permissionless proof-of-stake blockchain protocol capable of supporting smart contracts, up to 1 million transactions per day, and a host of dApps and other projects. Algorand was designed to be a faster, more efficient, and more affordable alternative to the Bitcoin network. With a market cap of nearly $10 billion, and a position in the Top 20 by market cap overall, Algorand is a widely popular cryptocurrency with a growing community.

Polygon – MATIC

Polygon helped scale the Ethereum ecosystem through the use of MATIC, meaning DeFi enthusiasts have probably interacted with MATIC in some capacity by this point. MATIC is a layer 2 solution using proof-of-stake validators; built in 2017, all MATIC tokens are expected to have been released by late 2022. With a $15 billion market cap, and a rank of #15 overall by market cap, MATIC is a popular crypto project available on Binance, Coinbase, Huobi, and now Metal Pay.

Axie Infinity – AXS

If you like blockchain-based games, you’ll be interested in Axie Infinity. A fantasy-based trading and battling game, Axie Infinity incorporates NFT technology into the game to provide provable rarity to items. AXS functions as a stackable token on this blockchain, allowing holders to claim rewards and vote for decisions, and players can earn additional AXS by playing the game. AXS is a Top 30 by market cap crypto project with an overall market cap of $6.3 billion at the time of publication.

Internet Computer – ICP

If you were active in the crypto space in May of 2021, you were probably surprised by the sudden emergence of ICP. It’s parent company, DFINITY Foundation, designed ICP to be a blockchain that is fast, scalable, and offers an alternative complementary network to Bitcoin and Ethereum. ICP was created for fast computations, enterprise-level blockchain transactions, and secure tokenized internet services. With a market cap of over $5 billion, ICP is currently positioned as the 33rd largest crypto project by market cap.

Buying Cryptocurrency on Metal Pay

With some of the most competitive fees in the cryptocurrency industry, Metal Pay is the premier place to buy, sell, send, and receive cryptocurrency. All trading fees start at just 1% per transaction on Metal Pay, and begin to decrease the more MTL you hold in your Metal Pay Crypto Wallet – even falling as low as 0% fees for all transactions. Plus, we already offer 0% fees for buying and selling BTC, TUSD, MTL, and XPR on Metal Pay.

Additionally, every Metal Pay Cash wallet is FDIC-insured through our partner bank. Combined with the ability to set up a direct deposit, your Cash wallet is one of the most powerful tools to use in the crypto space. Whether you’re buying cryptocurrency with cash deposited into your Cash wallet, a linked debit card, or another cryptocurrency trading pair, growing your crypto stack is easy when you’re using Metal Pay.

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Be on the lookout for more content about these cryptocurrencies on our primary social media accounts: Twitter | Instagram | Facebook. Ready to create a Metal Pay account? Visit our knowledge center to find quick guides to everything you need to do. When you’re ready, download Metal Pay on iPhone or Android and experience the best way to use crypto.

🤘 Your friends at Metal 🤘

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