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Crypto Payment Platform Metal Pay Filed For National Bank Charter From OCC

Mary Liu

Summary: Metal Pay, the peer-to-peer crypto payment platform, has filed for National Bank Charter from the Office of the Comptroller of Currency (OCC), as reported by Coindesk. Metal Pay is the first company to pursue a full national banking charter through "First Blockchain Bank and Trust", which accepts cryptocurrencies and cash deposits. As for cash deposits, CEO ...

Metal Pay, the peer-to-peer crypto payment platform, has filed for National Bank Charter from the Office of the Comptroller of Currency (OCC), as reported by Coindesk.

Metal Pay is the first company to pursue a full national banking charter through "First Blockchain Bank and Trust", which accepts cryptocurrencies and cash deposits.

As for cash deposits, CEO Marshall Hayner stated that they will soon apply to the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Bank of San Francisco, saying: "This would be the first FDIC-insured crypto bank."

By Mary Liu

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