Today, the team of Metal, a blockchain-based crypto payment service, announced a new partnership with Railsbank to bring its Metal Pay app to the European Union. Railsbank is a London-based banking company that offers banking as a service to select financial companies around the world.
By partnering with Railsbank, Metal gains the ability to offer services to people throughout the European Union while maintaining its headquarters in the United States. Additionally, the partnership with Railsbank will enable Metal to enter other markets in the future, including Australia and Asia.
“Gaining access to Europe is a major step for Metal as a company and part of our long-term strategic vision. Our focus has remained to make cryptocurrency easy and accessible to more people than ever before. For that reason, we’ve turned Metal Pay into a one-of-a-kind app that allows users to buy and sell cryptocurrency for 1% fees or less, trade crypto for another crypto, send crypto to other users for free, and make fiat payments to friends. At Metal, we operate with a compliance-first mindset, and we carefully evaluate all regulations when designing a plan to launch Metal Pay in a new jurisdiction. Our goal is to always be acting in a proper and compliant manner. Railsbank provides us with not only a technological partnership but a regulatory partnership, too.”
– The Metal Team