Metal, a cryptocurrency payment app, has launched as a full version in what creators say will dominate the market over Facebook’s Libra, Cointelegraph reports.
Erik Finman, one of the youngest bitcoin millionaires tweeted on 19th August, “Today @MarshallHayner & I are launching Metal Pay to the masses. We’re going to finally bring crypto to the People — in ways that Facebook Libra only wishes they could. This. Is. The. Libra. Killer.”
The P2P app, originally only supported its native Metal (MTL) token, but now it also supports BTC and ETH.
Finman said, “We’re going to finally bring crypto to the People — in ways that Facebook Libra only wishes they could.” He went on to say that the offering would ultimately destroy Libra, which has yet to launch.
Metal’s debut comes just a month after it formed a partnership with crypto-based social network, Steemit Alongside adding the latter’s native token, Steem (STEEM), Metal also allowed Steemit to add content to its app.
“We also allowed Steem to take over the Discover section in the Metal Pay app — a first for us — where we provide links to masses of interesting content that will educate our users about the Steem blockchain and its publishing platform, Steemit,” Metal officials wrote in a blog post at the time.
Meanwhile, Facebook is still gathering nodes to run its Libra platform despite all the regulatory issues it is facing. Some of the biggest names in finance, such as PayPal and MasterCard, have agreed to pay $10 million for the privilege of being part of the Libra platform.
However, it is not entirely clear how Metal proposes to decimate Libra, once Libra appears, but it is undoubtedly able to grab headlines by making the claim that it is a Libra killer. It will have to face a challenge from Binance’s Venus proposal as well, which is another competitor against Libra. No doubt we’ll see more Libra challengers this year and next.