Facebook has been scrambling to get off the ground a global cryptocurrency payment network, Libra, but challengers are already emerging.

The latest competitor is Metal Pay and its MTL Coin, which received fresh money and a formal kickoff on Monday.

“Metal Pay is what Libra should’ve been, could’ve been. But we’re the real deal,” Erik Finman, a crypto entrepreneur told MarketWatch in an interview on Friday.

“This is the first real competitor to Libra,” Finman claimed. “We’re the anti-Libra,” he said.

Finman has said he has invested an undisclosed sum in Metal Pay platform, which is being led by Marshall Hayner, who helped to develop…

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Source: http://www.marketwatch.com/news/story.asp?guid=%7BB18AFBDC-C049-11E9-A93B-DAD0C8101BC5%7D&siteid=rss&rss=1