Proton, a new delegated proof-of-pale blockchain from crypto payment solution Metal Pay, allows digital nugget and fund transfers across multiple channels.

"It's a Blockchain that'southward integrated into your banking company," Metal Pay CEO Marshall Hayner told Cointelegraph. "It's a universal network for payments." As long equally payment platforms integrate the Proton blockchain, customers can send payments across not-native platforms, co-ordinate to Hayner.

Proton allows compatibility across platforms

At present, aside from Metal Pay, payment platforms frequently run as siloed entities, facing difficulties when users want to interact beyond services. If, for instance, one person wants to send money to a friend on PayPal, both parties would demand to concord PayPal accounts and operate within the walls of that 1 platform.

"The craziest function is that it doesn't require whatever one platform," Hayner said of Metal Pay and its Proton blockchain. Hayner explained farther:

What Proton is, is a highly scalable blockchain smart contracting platform, only what's really dissimilar and unique about it is this concept of fiat funding sources and linked identity."

Metal Pay touts names instead of wallet address characters

Users of platforms that integrate with Proton's blockchain can make a wallet showing a verified name in place of current crypto wallet addresses that tout lengthy strings of numbers and letters, explained Bitcoin millionaire Erik Finman, who has been working with Metal Pay.

Finman said Bitcoin (BTC) involves a "really complicated address that nobody tin can remember, and that'southward great for what it's expert for," although Metallic Pay offers the simplicity of a username instead.

Metal Pay allows for a number of payment avenues meshed into one location, instead of the siloed, incompatible feel other payment solutions confront. "This allows you to link multiple funding sources from the blockchain itself," Finman said of the Proton blockchain — the glue that brings all the separate payment systems together.

Finman compared the experience to a decentralized Facebook login, adding:

But instead of information technology linking your social media profile information in a centralized way, this kind of links your funding sources in a decentralized way, so information technology'due south but a very like shooting fish in a barrel back end."

Proton also has its ain Proton (XPR) asset, with which customers tin pay for wallet address creations, among other uses. Metal Pay also plans on releasing wrapped assets on the Proton blockchain, such every bit wrapped Bitcoin and wrapped Ethereum, blending crypto transactions directly into the equation.

Wrapped coins have picked upwardly steam over the past 2 years, making Bitcoin compatible on other platforms and applications. The market saw Ethereum-wrapped Bitcoin (WBTC) launch in 2022, giving users a style to trade BTC on decentralized exchanges.