So you cant withdraw any crypto to a crypto address? So really you dont own any of the crypto. . .
So you cant withdraw any crypto to a crypto address? So really you dont own any of the crypto. . .
Very soon! Metal Pay released the iOS app with very limited features initially but the company and the technology is coming along very well. There have been almost no technical issues and they have maneuvered the regulatory environment with grace and landed partnerships with numerous crypto companies and organizations, most recently Vechain, and then a few days ago Steem.
The company is a really great company with a laid back culture and many young minds, fresh ideas, innovation and a forward moving approach. For instance last night They held a Trivia contest (in partnership with Steem)which streamed live on YouTube. They Asked a crypto trivia question and then whomever came up with the answer first and submitted the correct response first would be paid $5 or $10 in STEEM. They limited users to only 1 win per person and I actually got the very first question they asked but I stayed around and played some for the hell of it and it was fun and some people won some crypto, and there were some TShirts and other items they gave away. But anyways, it’s a cool company and they have a product which is very promising. They will be seizing some significant market share from Paypal’s Venmo and Square’s Cash app.
(Disclosure: I am not an employee of Metal Pay)
They update the app every week and new features are being rolled out with every update.
They have a crypto market place where 18 different cryptocurrencies can be bought and sold and the appreciation or depreciation for those assets will be realized by the account holder. The account holder can cash those crypto’s out for USD and withdraw to a bank account but in the very near future the crypto wallets will be fully functional.
Another big release coming soon is that the android app is near it’s release in addition to the the web application for desktop users. They have a debit card that Is in the plans as well and instant transfers will eventually be realized as well. They are moving in the ideal direction but it just takes some time to get there, understandably.