Ethereum Wallet Metamask Adds Instant Bank-to-Crypto Transfers
The Ethereum-based wallet Metamask has added instant bank-to-crypto transfers through the automated clearing house (ACH) settlement merchant Sardine, according to a Consensys blog post published on October 11.
Metamask Users Can Swap Fiat for Over 30 Crypto Tokens
The
crypto firm Consensys announced in a blog
post on Tuesday that the ETH wallet Metamask
has added bank-to-crypto transfers through the ACH company, Sardine. "With
Sardine’s new instant ACH integration, you can buy crypto instantly with no
settlement delays," Consensys has explained. The crypto firm added:
"Instant
ACH allows orders to be completed in minutes instead of days like a standard
ACH order and works on holidays, unlike regular ACH."
The
newly added feature of Sardine allows Metamask users to exchange their fiat for
cryptocurrencies with a maximum limit of USD 3K per day. Users can also spend
up to USD 5K per week or USD 25K per month to purchase more than 30 crypto
assets. The blog post also reveals that Sardine offers quick ACH
services and "robust compliance and fraud prevention
infrastructure."
The
blog gives details of Sardine being leveraged by crypto firms such as Tom
Brady’s Autograph, the crypto exchange FTX, and Moonpay. "The company is a
leader in real-time fraud detection and allows users to move money faster and
safer through its ACH-to-crypto solution," the Consensys blog details.
"Instead of waiting for the money to hit your account to use it, Sardine
sends you the money instantly, so you don’t have to expect any delays."
The
official Metamask Twitter page tweeted:
"Sardine’s payment system helps combat fraud and allows instant
purchases" and summarized how users could start using the newly added
feature. Metamask’s web portal on October 15 claims the software is leveraged
by "30 million users worldwide."
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