Ethereum Wallet Metamask Adds Bank-to-Crypto Transfers via Sardine – Wallets Bitcoin News

Consensys published a blog post on October 11 stating that Metamask, an Ethereum-based wallet, has now added bank-to-crypto instant transfers through the automated clearinghouse (ACH) settlement merchant Sardine.

Metamask users can swap fiat for over 30 crypto tokens

Consensys, a crypto company published Tuesday’s announcement explaining that Metamask now supports bank-to-crypto transfer through Sardine. “With Sardine’s new instant ACH integration, you can buy crypto instantly with no settlement delays,” Consensys explains in the recently published blog post. A crypto-firm added:

Instant ACH makes it possible to place orders in minutes, instead of taking days as a regular ACH order. It also works during holidays and is not compatible with regular ACH.

Metamask users now have the ability to use Sardine’s newly-added feature of transferring their fiat into cryptocurrencies, with a daily maximum limit at $3K. To purchase additional crypto assets, users can spend up to $25K per month or $5K per week. Consensys’s blog post says that not only does Sardine offer quick ACH services it also provides “robust compliance and fraud prevention infrastructure.”

Consensys further mentions that Sardine is 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,” Consensys details. “Instead of waiting for the money to hit your account in order to use it, Sardine sends you the money instantly, so you don’t have to expect any delays.”

Consensys is not the only 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.”

This story contains tags
ACH integration. Autograph. Bank-to-crypto. Blockchain Wallet. ConsensYs. Crypto wallet. Dan Finlay. DeFi Apps. ETH wallet. ether. Ethereum. Ethereum (ETH). Ethereum wallet. ftx. Metamask. Metamask MAUs. Metamask mobile. Moonpay. Noncustodial. Sardine. Wallets. Web3.

What do you think about Metamask adding instant bank-to-crypto transfers via Sardine’s ACH services? Comment below and let us know how you feel about the subject.

Jamie Redman

Jamie Redman is the News Lead for News. He also lives in Florida and works as a journalist covering financial technology. Redman is an active participant in the cryptocurrency community from 2011. Since 2011, Redman has been an active member of the cryptocurrency community. Redman has contributed more than 6000 articles to News since September 2015. These articles are about disruptive protocols that are emerging.

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