According to a Consensys blog post published on October 11, the Ethereum-based Metamask wallet has added instant bank-to-crypto transfers through an automated payment (ACH) merchant Sardine.
Metamask Users Can Swap Fiat For Over 30 Crypto Tokens
On Tuesday, cryptocurrency company Consensys published a statement explaining ETH purse Metamask added a bank-to-crypto transfer through the company ACH Pilchard. “With Sardine’s new instant ACH integration, you can buy crypto instantly with no delay in payment,” explains Consensys in the recently published article. blog post. The crypto firm added:
Instant ACH allows orders to be completed in minutes instead of days like standard ACH orders and works on holidays, unlike regular ACH.
New feature added through Sardine that allows Metamask users to transfer their fiat to crypto with a maximum limit of $3K per day. Users can also spend up to $5k per week or $25k per month to purchase over 30 crypto assets. Consensys blog post says that Sardine not only delivers quickly ACH . Service it also provides a “robust compliance and fraud prevention infrastructure”.
Consensys further mentioned that Sardine is leveraged by crypto companies like Tom Brady’s Autograph, crypto exchange FTX, and Moonpay. “The company is a leader in real-time fraud detection and enabling users to transfer funds faster and more securely through its ACH-to-crypto solution,” detailed Consensys. “Instead of waiting for the money to arrive in your account to use, Sardine sends you the money instantly, so you don’t have to wait for any delays.”
In addition to Consensys, the official Metamask Twitter page tweeted: “Sardine’s payment system helps fight fraud and allows instant purchases” and summarizes how users can start using the newly added feature. Metamask’s portal on October 15 claims the software is used by “30 million users worldwide”.
What do you think about Metamask adding instant bank-to-crypto transfers through Sardine’s ACH services? Let us know your thoughts on this topic in the comments section below.
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