Digital Banking — Here and Now

In 2016, two men bounced an idea between themselves. The question was simple, yet the answer would take years of dedication and determination to develop.

“How could the blockchain be used to connect modern finance and traditional banking?”

Marshall Hayner and Glenn Marien took that idea and created a company called Metallicus. What started out small, became the poster child for grit and continued determination, forming into a blockchain powerhouse set to change the banking industry as we know it.

By June of 2022, the Metallicus company was transitioning into a brand built on trust, inspiration, and uniting the old and new. The goal was to bridge the gap between an aging financial system, and a new emerging one on the blockchain.

In many ways, Metallicus saw the future before most others could. The global economy called for a modern system, one that ran on integrity, advanced development, empowered leadership, and galvanized partnerships. Creativity, imagination, and young minds open to the unknown would become the perfect recipe to do just that.

Today, Metallicus has grown into a company that is leading by example, from providing a diverse list of products, to a host of integrations into top financial services and technology companies. The financial sector will be connected to the blockchain, and Metallicus is here to lead the way.

Metallicus Products

When you think about your bank or your credit union, you may not give thought to the blockchain, but Metallicus is making sure that changes by working to deliver blockchain solutions for all, from retail bankers to institutional powerhouses and corporations.

Metallicus understands that finance is modernizing, and they have set out to ensure the banking industry adapts with it by building products made for the modern world.

Metal Blockchain

• The Metal Blockchain is a layer zero blockchain that allows any chain to deploy and find consensus through the Snow Protocols, and it is this consensus that allows the Metal Blockchain to be a highly efficient proof of stake network.

XPR Network

• The XPR Network is a layer one blockchain that specializes in fast, scalable transactions, and that allows for free and instant payments. The heart of the XPR Network is in the design, made to communicate with banks, payment processors, and traditional fiat gateways.

Metal Pay

• Metal Pay is a digital asset platform that makes buying and selling cryptocurrency incredibly easy. For traders that are more advanced, the automation of recurring trades and peer to peer transactions are also available.

Metal X

• While Metallicus serves to connect the blockchain and banking industry, it has never forgotten the importance of DeFi within the emerging industry. Metal X is a decentralized exchange that is fast, secure, and offers multiple pairs of various cryptocurrencies. As an additional level of security and safety, Metal X has ensured that all of their DeFi features maintain compliance with the U.S. regulatory framework.

WebAuth Wallet

• The WebAuth wallet is often referred to as the “new industry standard” of cryptocurrency wallets. Built on the XPR network, the WebAuth wallet allows for device authentication, identity management, payment processing, and cryptocurrency transactions. To prioritize security and privacy, users create a decentralized identity profile, allowing for you to verify, add, or remove access for all logins, protecting you against impersonation attempts.

Metal Pay API

• Metal Pay API is a tool for businesses looking to integrate cryptocurrency and the blockchain into their every day payment solutions. With a few short steps, businesses can offer cryptocurrency trading and investing, helping to increase growth and to generate new revenue.

Ecosystem Token and Coins

For each ecosystem built within the Metallicus brand, there is a token or coin built with diverse use cases and utility.

• $XMT — Holders of $XMT are able to vote on proposals related to Metal DAO
• $XPR — The native coin of the XPR Network; $XPR can be used for payment, staking, and voting for block producers and on-chain governance.
• $METAL — The native coin of the Metal Blockchain; $METAL is used for voting on network issues like staking fees, transaction costs, emission rates.
• $LOAN — The native token of the Loan ecosystem on Metal X; $LOAN is used to reward both borrowers and lenders for using the Loan platform, and to vote on platform governance.
• $XMD — The world’s first non-algorithmic stablecoin basket; $XMD is backed by a bank reserve that is also backed by a basket of stablecoins.

The Future of Metallicus and the Banking Industry

At the heart of Metallicus is the years of trust and loyalty earned through determination and persistence. Strategic partnerships and integrations have developed, creating a collaborative environment that has allowed all parties to work together towards blockchain solutions tailored for the banking sector.

Fiserv

• Metallicus will allow credit card and ACH payment capabilities from Fiserv into the Metal Blockchain later this year, allowing for combination of blockchain technology and traditional payment methods.

Jack Henry

• Metallicus has joined the Jack Henry Vendor Integration Program, which will allow for the integration of the Metal Blockchain into the SilverLake System.

Rarible

• Rarible and the Metal Blockchain are collaborating to create NFT technology that can be integrated into many mainstream financial products used in the banking industry. From using NFTs to transfer digital assets, to storing on-chain financial records and other data, Metallicus will guide both Rarible and the Metal blockchain while also continuing to emphasize regulatory compliance.

FedNow Service

• In October of 2024, Metallicus announced that it would support live transactions on the Federal Reserve Finance Services instant payment system, known as the FedNow Service.

What Comes Next?

Metallicus has ensured that the blockchain will transform the way that we interact with money, and the use of digital assets in banking will become a new norm. As more credit unions and financial institutions adapt to the emerging industry, development and modernization will be of great importance, a fact that Metallicus has understood much longer than most.

And while advancing blockchain technology has been at the forefront of the success of Metallicus, their dedication to compliance and regulatory requirements has ensured that they are here to stay. The financial industry is changing as fast as our global economy is adapting to a new and modern financial system, and Metallicus has been here to guide that transition the entire way.

The future of the banking industry has, in many ways, been shaped by the work that Metallicus has been doing since 2016. The innovation and technological development have now allowed for over 80 Credit Unions in the United States to move on chain, modernizing finances and allowing for a faster and safer way to transact and move money. And as the global economy only becomes more connected, the opportunities provided by Metallicus will be vast and ever expanding.

Disclosure

All opinions expressed by @PinkUnicorn80 are from personal research and are solely intended as educational material. This article is not to be viewed as financial advice or a guarantee of future profit . It is important that all readers complete additional research before making any investments, and understand the risks involved. To learn more about the potential risks involved in buying, selling, or trading cryptocurrency, please read this article from Investopedia.