An Ethereum-based platform designed to bring crypto payments to the mainstream. altcoin project experienced a rapid rise after announcing a new milestone.
The central crypto asset of the Metal Pay wallet app, a platform that allows people to buy, sell, trade cryptocurrencies as well as send capital to their acquaintances Metal (MTL)has more than doubled in value since April 11th. The cryptocurrency surged over 126% from lows of $1.52 to as high as $3.45.
Founded in 2017, the San Francisco-based startup recently announced a partnership with London-based Railsbank to offer European Union consumers services currently available in most US states.
Recently, the company’s Finance Director Irina Berkon made a statement stating that they have finally realized their plans. Berkon tweeted a screenshot documenting its first successful transactions using the newly launched feature in Europe.
our first @metalpaysme EU transactions between @MarshallHayner, our CTO Glenn and me. Who’s next?! pic.twitter.com/k4zJTpWGjg
— Irina Berkon ⚛️ 🤘 (@metalcfo) April 15, 2022
However, at the time of writing, MTL is trading at $3.23, an increase of 107 percent compared to the last 7 days and 10 percent compared to the last 24 hours.
Metal isn’t the only payment-focused project rising
Crypto liquidity platform ZoidPay (ZPAY) Recently, Maiar announced that staking is available on its decentralized exchange (DEX). During the listing, it was stated that users of the exchange could earn a maximum of 25 percent APR in ZPAY as a result of staking.
ZPAY was in a major storm last week, rising steadily from a low of $0.34 to an all-time high of $0.82 today. The cryptocurrency gained about 140 percent. ZPAY has since corrected and is trading at $0.73 at the time of writing.
Maiar is a platform built by Elrond Network that uses the native crypto asset EGLD token to power its enterprise-grade scalability and decentralized application (DApp) solutions.
Cyprus-based ZoidPay was founded in 2018 to provide financial services for the Web 3.0 domain.
According to the platform; ZoidPay is a project where users can “buy anything anywhere with crypto” and developers can access a set of tools that offer interoperability and cross-chain liquidity using application programming interfaces (APIs) and software development kits (SDKs).
Both payment altcoins have experienced notable gains amid tumultuous times for the rest of the crypto market.
Bitcoin (BTC) once again climbed above $41,000 after falling to around $38,800 on Sunday. Meanwhile, Ethereum (ETH) recovered after falling to around $2,900 over the weekend and is now trading above $3,100.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.