Metal is a mobile currency-conversion and payments platform built on the Ethereum blockchain. Through a user-friendly interface like Venmo, PayPal, or Square, Metal attempts to ease some of the frictions of making online payments using cryptocurrencies. Its app also enables peer-to-peer transfers of fiat currencies and digital tokens. The MTL token acts as a reward mechanism as users are awarded MTL tokens for platform engagement. The Metal platform is currently in the beta stage of development. The team is led by Marshall Hayner, the former CEO of Trees, advised by Bram Cohen, the creator of BitTorrent, and backed by Erik Voorhees, a cryptocurrency investor and the founder of ShapeShift.