The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bitcoin Millionaire Proves Crypto Revolution Can Spread Without Smartphones, Spotlights Metal Pay

by Daily Hodl Staff
December 22, 2019
in Altcoins, Bitcoin

A high school dropout just transferred cryptocurrency via satellite to a school in Ghana. No internet or smartphones involved. No fancy, expensive infrastructure.

Erik Finman, who turned 21 in October, has busted one of crypto’s biggest myths: that it can’t reach the unbanked in remote areas or low-tech regions with spotty internet or where people are living without iPhones or laptops.

Finman sent $1,000 of MTL, the native digital asset of the crypto platform Metal Pay, to St. Mary’s School in Korle Gonno in the Greater Accra Region of Ghana. MTL is made for everyday use, allowing people to transact it, store it, exchange it for other cryptocurrencies, make payments or cash it out to a fiat currency.

The funds that were sent to St. Mary’s were used to repair the school’s roof and to build new benches and tables.

Source: via Twitter

Finman, who made a modest purchase of 446 Bitcoin in 2011, is now a millionaire-turned-entrepreneur who is trying to solve social and economic problems by using a mix of new technology, old technology and ingenuity.

Experiments abound in the cryptosphere where entrepreneurs and computer scientists are sharpening radical inventions to build an alternate money system and a new global infrastructure for finance.

Finman’s “crypto space drop” is a bold move that shows the potential of the digital economy. It reimagines how money can be distributed and underscores why commercial banks and traditional checking and savings accounts, which are off-limits to roughly 1.7 billion people around the world, are ill-suited to go the last mile and to help lift entire populations out of poverty.

Says Finman,

“Cryptocurrency + satellites = anyone in the world can participate in the economy.”

The team at Metal Pay says they’re working on the next steps to make crypto go mainstream with easier transactions, intuitive designs, a responsive marketplace and global coverage. They’ve announced an early access version of Metal Pay for Android.

You can check out more about early access here.

[the_ad id="42537"] [the_ad id="42536"]
Featured image: Shutterstock/moonshadowz
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Aster Launches 24/7 Stock Perpetual Contracts Trading with Exposure to U.S. Equities
    July 16, 2025
  • The Sandbox Launches Largest LAND Sale to Date on GBM Auctions
    July 16, 2025
  • Vision (VSN) has arrived: the new standard for user-centric token ecosystems
    July 16, 2025
  • Snail, Inc. Announces Intent to Explore Proprietary USD-Backed Stablecoin
    July 16, 2025
  • MultiBank Group Announces Seven Million MBG Tokens Sold Out in Under One Hour During Initial Pre-Sale
    July 15, 2025
  • Allnodes Among First To Launch Bare Metal Servers Powered by AMD Threadripper 9000 Series
    July 15, 2025
  • Swarm Network Selects Walrus To Power Verifiable AI on Rollup.News
    July 15, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$118,647.79
$118,647.79
0.41%
Ethereum
$3,194.71
$3,194.71
4.65%
BNB
$692.50
$692.50
0.94%
Solana
$166.89
$166.89
3.4%
XRP
$2.98
$2.98
2.29%

Spotlight

  • Bitcoin Setup Suggests Explosive Rally Incoming, According to Analyst Who Called 2021 Crypto Top
    July 9, 2025
  • Goldman Sachs Abruptly Raises Targets for S&P 500, Predicts Fed Cutting Rates Earlier Than Expected: Report
    July 9, 2025
  • Investor Tom Lee Says Bitcoin Adoption Still in ‘Earliest Days,’ Predicts US Banks Will Soon Hold BTC As Collateral
    July 9, 2025
  • Bitwise CIO Reveals 4,000x Prediction, Says Ethereum, XRP, Solana and Others Will Be Impacted From One Booming Trend
    July 9, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl