MTL is an Ethereum-based token created by Metal Pay, a US-based payments and exchange app. The goal of Metal is to make sending and receiving cryptocurrency and fiat between friends simple and easy. People can make instant payments using their cash balance, linked bank accounts, or by sending crypto. People using the Metal ecosystem also benefit from paying zero fees when sending, receiving, buying, or selling MTL. Metal users will also pay less fees when buying other crypto if they already hold MTL, and fees drop to zero for anyone with 10,000 MTL.