According to a Consensys blog post published on October 11, the Ethereum-based wallet Metamask has added instant bank-to-crypto transfers via the automated clearing house (ACH) settlement merchant Sardine.
MetaMask Users Can Swap Fiat for Over 30 Crypto Tokens
On Tuesday, cryptocurrency firm ConsenSys published an announcement notifying that ETH wallet MetaMask has added bank-to-crypto transfers through ACH company Sardines. “With Sardines’ new instant ACH integration, you can buy crypto instantly without any delay,” Consensys explained in a recently published blog post. The crypto firm added:
Instant ACH allows orders to complete in minutes instead of days like a standard ACH order, and works on holidays, unlike regular ACH.
The newly added feature through Sardines allows MetaMask users to transfer their fiat to cryptocurrencies with a maximum limit of $3K per day. Users can spend up to $5K per week or up to $25K per month to buy over 30 crypto assets. Consensys’ blog post states that Sardin not only provides instant ACH services, but also “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.”
In addition to Consensys, the official MetaMask Twitter page tweeted: “Sardine’s payment system helps combat fraud and allows for instant purchases” and summarized how users can start using the newly added feature. On October 15 Metamask’s web portal claims that the software is leveraged by “30 million users worldwide”.
