Ethereum-based wallet Metamask has added instant bank-to-crypto transfers via the Automated Clearing House (ACH) settlement merchant, according to a Consensys blog published on October 11. Metamask users can exchange fiat for over 30, crypto tokens “With Sardine’s new instant ACH integration, you can buy cryptocurrencies instantly without settlement delays,” explained Consencis in a recent blog post.
The crypto firm added: Instant ACH allows orders to be executed in minutes instead of days like standard ACH orders and, unlike regular ACH, can be executed on holidays. The feature added via Sardine allows Metamask users to convert fiat currencies into cryptocurrency, with a maximum of $3000 per transaction. The 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.”