San Francisco-based leading crypto-focused payment settlement network, Metal Pay, has announced the news about the addition of one of the world’s most trusted stablecoin, Binance USD (BUSD), in its innovative marketspace. The popular stablecoin shines as a highly regulated, secured, transparent, and a popular digital currency pegged by the native currency of the United States. The strategically important news was circulated in the crypto domain through a tweet by the team of Metal Pay on their official Twitter handle. The post read:
We’re excited to announce that Binance USD (BUSD) is now added to our Marketplace.
Metal Pay Android and iOS users can now buy and sell this popular stablecoin designed to improve how cryptocurrency flows between exchanges.
Read more: https://t.co/jCpwlfww32
— Metal Pay (@metalpaysme) March 30, 2020
According to the official announcement, Metal Pay has allowed the purchase and sale of BUSD stablecoin for both, the Android users as well as the iOS users. A stablecoin is a currency that is pegged or supported by the value of a relatively stable fiat currency quite often by the US Dollar owing to its skyrocketing market value. As these coins do not have fluctuating values, they counter the prominent stability issue of cryptocurrencies and are considered to be a safe and secure investment. Stablecoins work in pairs, which speeds up the transactions in a significant manner.
Metal Pay has integrated BUSD into its marketplace to enrich its customers with a golden opportunity to move funds between Metal Pay and Binance speedily and in a robust mechanism. The investors are free to move funds on other exchanges and then return back to Metal Pay when trading is completed successfully.
Taking pride as a well-known payment interface platform, Metal Pay aids investors in sending money in cash or crypto to their friends and family members instantly via their phone numbers registered on the platform. The platform bestows its users with cryptocurrency rewards known as Pop for each eligible transaction processed on the network. On sending or receiving an eligible cash transaction, the users receive cryptocurrency rewards for up to 5% of the transaction value. This lucrative feature has made Metal Pay evolve as a popular payment settlement mechanism for a wide customer base across different parts of the world.