Today, the Metal team, a chain of blocks crypto payment service, announced a new partnership with Railsbank to bring its Metal Pay application to the European Union. Railsbank is a London-based banking company that offers banking services as a service to selected financial companies around the world.
By partnering with Railsbank, Metal gains the ability to serve people throughout the European Union while maintaining its headquarters in the United States. Additionally, the partnership with Railsbank will allow Metal to enter other markets in the future, including Australia and Asia.
“Gaining access to Europe is an important step for Metal as a company and part of our long-term strategic vision. Our focus has remained on making cryptocurrencies easy and accessible to more people than ever before. For that reason, we have turned Metal Pay into a unique application that allows users to buy and sell cryptocurrencies for fees of 1% or less, exchange cryptocurrencies for another crypto, send cryptocurrencies to other users for free, and make fiat payments to friends. At Metal, we operate with a compliance first mindset, carefully evaluating all regulations when designing a plan to launch Metal Pay in a new jurisdiction. Our goal is to always act appropriately and in accordance with the rules. Railsbank provides us with not only a technology association, but also a regulatory association. “
– Metal equipment