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Metal Pay launches digital assets and payments service in Europe

By Joy Dumasia

June 10, 2022

  • Asset Management
  • Crypto Payments
  • Digital assets

Metallicus, a digital assets technology provider announced the expansion of its Metal Pay product across the EU and EEA. The company’s flagship products include Metal Pay and Proton.

Metal Pay is a simple, secure, free financial app where you can buy and sell over 65 cryptocurrencies and link directly with your cash balance. Metal Pay user funds in the United States are FDIC-insured, and the expansion to Europe will ensure equivalent safeguards through protection in an EEA-authorised credit institution.

Key attributes of Metal Pay in Europe include:

  • Buy and sell crypto, direct deposit paychecks, and pay bills.
  • 0% fees for USDC purchases.
  • Cash Wallets with unique account/routing numbers.
  • Services are enabled by an EMI license in Lithuania and a VASP license in Estonia.
  • User E-money is protected in an EEA-authorised credit institution or the Bank of Lithuania.

“We have been hearing from people across Europe that they wanted us to put Metal Pay into their hands, and I’m thrilled to announce we’ve done it,” said Marshall Hayner, Co-founder and CEO of Metallicus. “We believe ease of use, security and compliance vastly increase the everyday utility of digital assets and unlock the transformative potential of these technologies for everyone from consumers to FinTechs and financial institutions.”

Launching the Metal Pay wallet in Europe is a natural next step for the San Francisco-based company. This year alone, Metallicus partnered with London-based Railsbank in the European launch and initiated several other partnerships in the EU and US markets to boost utility for banks, businesses and consumers. Fully compliant and licensed, further expansion plans are underway into additional European countries, Australia and Asia.

“The EU is home to numerous FinTech SMEs that need to be future-ready. With incoming EU identity verification requirements, Metallicus has the solutions to enable safe, compliant and secure transactions,” said Metallicus’ General Manager for Europe, Benedikt Goetz.

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