Fundamental Analysis: Is Metalpay (MTL) a long-term road runner?
Metalpay (MTL) is a banking solution decentralizing the peer-to-peer payment space like Omisego (OMG). Both are based on Ethereum Blockchain. MTL is an ERC20 token smart contract and is using the Proof-of-Processed Payment (PoPP) rewards system. MTL poses the potential to revolutionize the digital payments for users. The company aims at simplifying the use of cryptocurrency and also promote the greater use of crypto over fiat. However, this may take a long run for the core team to achieve!!
Metal would focus on specific industries — Nutraceuticals, Cannabis, e-Sports, etc. It might move towards small businesses. (Source: Steemit)
Omisego gained a lot of attention and nailed in their Initial Coin Offering and short term trades. Omisego partnership with Mcdonalds in Thailand and having Vitalik Buterin as it’s advisor helped in gaining a lot of momentum. OMG started trading at ~$0.5 and touched above $13 yielding a 26x return. Omisego is focusing on developing as a peer-to-peer payments solution primarily for Asia.
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Omisego is majorly focused at Asia. Would MTL be able to do that for America? I tried understanding some fundamentals of the coin.