Ethereum Wallet Metamask Adds Bank-to-Crypto Transfers via Sardine

Ethereum Wallet Metamask Adds Bank-to-Crypto Transfers via Sardine

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, the crypto firm Consensys published an announcement that explains 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 explains in the 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 via Sardine allows Metamask users to transfer their fiat for cryptocurrencies with a maximum limit of $3K per day. Users can also spend up to $5K per week or $25K per month in order to purchase more than 30 crypto assets. 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.”

In addition to Consensys, 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.” Tags in this story ACH integration, Autograph, bank-to-crypto, Blockchain Wallet, ConsensYs, cryptocurrency wallet, Dan Finlay, DeFi, 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? Let us know what you think about this subject in the comments section below. Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Robinhood Debuts Web3 Crypto Wallet to 10K Customers — Beta Version Supports Polygon WALLETS | Sep 27, 2022 Robinhood Launching New Non-Custodial Web3 Crypto Wallet WALLETS | May 18, 2022

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleJapanese Yen Plunges to 32-Year Low Against US Dollar — Another Intervention by Authorities Expected Next articleNew Satoshi Notations Discovered, Bitcoin’s Halving Progress, Mad Money’s Cramer Miffed After SEC Filing — Week in Review Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design