What Metal Pay does

Metal Pay, operated by Metallicus, Inc., is a US-headquartered cryptocurrency purchasing and peer-to-peer payments platform founded in 2015 and based in San Francisco. The company serves individual consumers in the United States, Australia, and New Zealand with a compliance-first mobile and web platform for buying, selling, sending, and receiving digital assets, including Bitcoin, Ethereum, XRP, Litecoin, Dogecoin, USDC, Solana, Cardano, and the proprietary ecosystem tokens XPR, Metal Blockchain, and Metal Dollar (XMD). The platform targets both first-time crypto buyers seeking a low-fee, transparent on-ramp and experienced users who can route into the integrated DeFi suite (Metal X) for lending, borrowing, and trading.

The product stack is anchored on the Metal Pay mobile app (iOS and Android), the web on-ramp portal (onramp.metalpay.com), and the Metal X DeFi interface (app.metalx.com). Core technical infrastructure includes the XPR Network for instant, fee-free internal transfers using XBTC (a 1:1 wrapped Bitcoin on XPR Network that is always withdrawable to Bitcoin mainnet), the WebAuth self-custody wallet supporting Face ID, Touch ID, and YubiKey authentication across XPR, Metal, Metal L2, Ethereum, and Optimism, Fireblocks for institutional-grade digital asset custody, and Incode for KYC identity verification. The MTL utility token provides tiered fee discounts on crypto buy/sell, and recurring purchases (Automatic Buys) support dollar-cost averaging from as little as $15. Metal Pay operates under US money transmitter licenses (NMLS IDs 2057807 and 2731963), a Louisiana money transmission license, California DFAL compliance, and full OFAC and AML programs.

Revenue is generated primarily through transaction fees on crypto buy and sell orders and on P2P money transfers, with MTL token holdings unlocking fee reductions in a tiered structure. The go-to-market is product-led and direct-to-consumer: self-serve onboarding, in-app referral programs (Refer a Friend with weekly BTC prize drawings), and weekly Metal Pay Mondays promotional drawings tied to active recurring purchases. The company is privately held, has not disclosed institutional funding, and operates with a 51-100 employee headcount. The overall profile is that of a mid-sized, compliance-heavy, bootstrapped retail crypto on-ramp rather than a high-volume exchange.

Name

Metal Pay

Legal name

Metallicus, Inc.

Website

https://metalpay.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

Metal Pay is a compliance-focused cryptocurrency purchasing and P2P payments platform serving individual consumers in the US, Australia, and New Zealand. It offers mobile and web apps to buy, sell, send, and self-custody digital assets, leveraging proprietary XPR Network infrastructure for instant, fee-free transfers.

Ownership category

akta.pro rank

Product category

Cryptocurrency Exchange

NAICS

Securities and Commodity Exchanges (52321), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

Keywords

• Cryptocurrency exchange
• Digital asset wallet
• Peer-to-peer payments
• Crypto on-ramp
• Decentralized finance

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Crypto Purchase/Sell Transaction Fees: Revenue from spread or fees charged on crypto buy and sell transactions. The platform claims 'the lowest card fees in the industry for Bitcoin, Ethereum, USDC and more' with no hidden spreads. Fee structure includes tiered discounts based on MTL token holdings.
2. P2P Payment Fees: Fees charged for sending money via Eligible Bank Account, Credit or Debit Card using the Metal Pay Service. Currency or Digital Asset conversion fees apply when converting before sending.
3. MTL Token Utility: Metal's proprietary digital asset token (MTL) provides fee discounts proportional to holdings. Users can earn MTL rewards on eligible transactions for goods/services purchases.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Metal Pay is a compliant cryptocurrency exchange and peer-to-peer payments platform that enables individual consumers to buy, sell, send, and receive more than 15 digital assets (BTC, ETH, XRP, LTC, DOGE, USDC, SOL, ADA, XPR, and others) using debit or credit cards with low fees and 24/7 live human support. The platform combines a fiat on-ramp, a self-custody wallet (WebAuth), and an integrated DeFi hub (Metal X) for lending, borrowing, and trading, all anchored by the proprietary XPR Network for instant zero-fee internal transfers.

Product overview

Metal Pay is a unified cryptocurrency purchasing and payments platform built around a core mobile/web app (iOS and Android), complemented by an advanced DeFi ecosystem (Metal X) and native blockchain infrastructure (XPR Network, Metal Blockchain). The core Metal Pay app handles crypto buying (BTC, ETH, XRP, LTC, DOGE, USDC, USDT, SOL, ADA, XPR, Metal Blockchain, Metal DAO, Metal Dollar, Hedera, Stellar), peer-to-peer money transfers, and fiat on-ramps via debit/credit card. This core is extended by: WebAuth (self-custody wallet with biometric auth), Automatic Buys (DCA), and promotional features (Refer a Friend, Metal Pay Mondays). Metal X (lending, borrowing, swap/trading) is accessed through app.metalx.com but is integrated into the broader Metal ecosystem. The proprietary MTL token provides fee discounts, and the XPR Network blockchain powers instant, fee-free internal transfers. The company (Metallicus, Inc.) holds US money transmission licenses (NMLS IDs 2057807, 2731963) and is headquartered in San Francisco.

Differentiator

Problem solved

Functional benefit

Products and services

• Metal Pay Mobile App and Web Platform A compliant cryptocurrency purchasing and peer-to-peer payments platform that enables individual consumers to buy, sell, send, and receive more than 15 digital assets (BTC, ETH, XRP, LTC, DOGE, USDC, SOL, ADA, XPR, and others) via debit or credit card with low fees and 24/7 live support. Available in the United States, Australia, and New Zealand through iOS, Android, and a web on-ramp portal.
• Metal X Exchange and Lending Platform An advanced DeFi platform that enables users to lend, borrow, trade, swap, and earn on crypto assets, integrated with the Metal Pay app and accessible via app.metalx.com.
• WebAuth Self-Custody Wallet A standalone self-custody digital asset wallet where users control their private keys and sign transactions with Face ID, Touch ID, or YubiKey, supporting XPR Network, Metal, Metal L2, Ethereum, and Optimism networks.
• Metal Pay for Business A business-focused tier of Metal Pay services tailored for business crypto transactions, providing companies with compliant access to the same exchange and payments infrastructure used by consumer users.

Quantifiable outcome

• Transfers settle instantly on XPR Network vs traditional blockchain confirmations
• +1 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• Fireblocks Ltd. / Fireblocks Inc.coreTechnology or IntegrationDigital Asset Custodian for Metal Pay. Fireblocks provides custody infrastructure for Digital Assets held in user accounts. All Digital Assets in Metal Pay Service Account are under the custody of Fireblocks per the applicable account agreement and terms of service.
• IncodecoreTechnology or IntegrationIdentity verification provider used for KYC compliance. Incode captures face geometry (faceprint) and scans ID card barcodes for identity verification purposes per their privacy policy. Data retention varies by state (3 years for IL, 1 year for TX).
• XPR NetworkcoreTechnology or IntegrationBlockchain network used for instant, free crypto transfers between Metal Pay users. Transfers settle instantly with no gas fees. Bitcoin is moved as XBTC (1:1 smart contract version) for speed, always withdraw-able to Bitcoin mainnet.
• WebAuthcoreTechnology or IntegrationSelf-custody wallet service for Digital Assets. Users control private keys and sign transactions with Face ID, Touch ID, or YubiKey. Supports XPR Network, Metal, Metal L2, Ethereum, and Optimism. Governed by XPR Terms and Conditions.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Coinbase: Largest US-regulated crypto exchange; directly overlaps Metal Pay on consumer buy/sell, P2P-like transfers, and self-custody (Coinbase Wallet), and dwarfs it on scale, listings, and regulatory footprint.
• Robinhood Crypto: Commission-free retail crypto buying inside a broader consumer finance app. Competes on price transparency and low fees — the same 'no hidden spreads' wedge Metal Pay markets.
• Crypto.com: Global consumer crypto app combining on-ramp, payments card, DeFi, and its own token (CRO) — directly analogous to Metal Pay's MTL token, card-on-ramp, and DeFi ecosystem strategy.

Direct peers

• MoonPay: Crypto on-ramp specialist offering fiat-to-crypto purchases with card fees and global coverage. Competes head-to-head with Metal Pay's onramp.metalpay.com flow and has a stronger B2B embed/API model.
• Gemini: US-regulated, compliance-first crypto exchange and wallet with a similar 'trust/compliance' positioning. Targets the same individual-consumer and compliance-sensitive buyer as Metal Pay.
• Kraken: Established US-licensed crypto exchange and wallet with a similar compliance-first narrative. Overlaps on consumer buy/sell and on multi-chain staking/lending products analogous to Metal X.
• eToro: Multi-asset platform with regulated crypto trading in the US/AU/NZ markets that overlap with Metal Pay's footprint; targets similar retail 'compliant, low-fee' buyers.
• BitPay: Long-standing crypto payments and wallet provider with merchant tooling. Comparable to Metal Pay on the payments-and-wallet axis, though more B2B/merchant-oriented.

Emerging players

• Paxos: Regulated blockchain infrastructure platform issuing stablecoins (USDP, PYUSD) and providing custody/settlement. Comparable to the institutional compliance posture Metal Pay markets, with overlap in stablecoin (XMD vs USDP/PYUSD) and regulated transfer rails.
• Wyre: Crypto on-ramp and payments infrastructure with a B2B API focus. Comparable to Metal Pay's card-fee-based purchase flow and fiat-to-crypto transfer business, with a different go-to-market emphasis on partners.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/metalpaysme
• YouTubeyoutube.com/@metalpayofficial
• LinkedInlinkedin.com/company/metal-pay

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metal Pay