- Fiat-crypto platform Metal Pay has completed a major upgrade of its mobile app, bringing new capabilities to iOS users.
- The launch of Metal Pay 2.4.0 adds a number of features including instant purchases and greater crypto-crypto trading options.
Fiat-crypto platform Metal Pay has completed a major upgrade of its mobile app, bringing new capabilities to iOS users. The launch of Metal Pay 2.4.0 adds a number of features including instant purchases and greater crypto-crypto trading options. After updating their app to the latest build, iOS users will be able to make instant bank and debit card-funded purchases of cryptocurrency.
The number of fiat-crypto options on the market has been gradually increasing, making it easier for newcomers to enter the cryptoconomy and for existing crypto holders to cash out as and when they require without being penalized through high fees. Metal Pay plays a major role in facilitating entry to the world of crypto, forming a digital bank that can be used on the go to send funds to other Metal Pay users and to swap between popular cryptos. The latest update builds upon this framework and removes restrictions on the amount of crypto that account-holders can swap.
Metal Pay Ships a Major Update
In addition to making a flurry of UX improvements and ironing out a few kinks in the process, the Metal Pay team has added features galore with its latest app update. The most useful of these is the removal of a cap on the amount of crypto users can trade. To bypass traditional trading limits, Metal Pay explains that users can simply swap into a stablecoin when required, providing all the stability of fiat but without the need to withdraw funds and cash out.
At the start of the month, Metal Pay enhanced its stablecoin support, enabling its users to purchase BTC and TUSD with 0% fees. It already offered 0% fees when buying Proton (XPR) and its native Metal (MTL) token. The addition of stablecoin support, coupled with the ability to make instant crypto purchases via bank transfer or debit card, cements Metal Pay’s status as one of the leading fiat-crypto apps on the market.
Digital Banking Flourishes as Defi Booms
The lines separating centralized finance and its defi counterpart are becoming increasingly blurred, as each vertical implements products and features synonymous with the other. Stablecoins have been at the heart of this wave of innovation, providing certainty and safety amidst the storm of volatile crypto movements. Services such as Metal Pay provide a vital bridge connecting the fiat world to that of defi, where investors are flocking to lock assets into protocols that promise a high yield, including lending platforms and liquidity pools.
Meanwhile, crypto-fiat gateways such as Metal Pay have added features that allow them to essentially serve as virtual bank accounts, suitable for saving, trading, and sending funds to friends and family.