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Crypto Payments Startup Metal Pay Applies for National Bank Charter Feb 5 2021 · 13:30 UTC | Updated Feb 5 2021 · 13:39 by Bhushan Akolkar · 2 min read Photo: Shutterstock You have successfully joined our subscriber list. The recent application will first go for public comments for a 30-day period and later will move towards OCC approval. Metal Pay expects a decision from the OCC within the next four months. Metal Pay, the US-based peer-to-peer crypto payments startup, has recently applied for a National Bank Charter in America. Dubbed as the “First Blockchain Bank and Trust, N.A.”, the trust company will be based out of South Dakota. The crypto startup submitted this application to the Office of the Comptroller of the Currency (OCC) earlier this week on February 3. The Metal Pay CEO also added that they will shortly file applications with the Federal Reserve Bank of San Francisco as well as the Federal Deposit Insurance Corporation (FDIC).

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