The parent company of Metamask, Consensys, collaborates with a financial platform Sardine to enable Metamask users in the U.S. to purchase crypto with their bank accounts.
According to the blog post, Metamask users may purchase cryptocurrency instantaneously without waiting for settlement delays utilizing Sardine’s new instant ACH integration.
In contrast to traditional ACH, which cannot be used on holidays, instant ACH enables orders to be completed in minutes as opposed to taking many days.
Consensys claimed that the instant payment option made available by Sardine is more likely to be successful than the conventional payment system, where card payments are frequently declined.
Users of Metamask must comply with Sardine’s compulsory KYC process, which is accessible in 48 U.S. states, in order to use the new “Instant Bank Transfer” payments option. New York and Hawaii will shortly be included.
Sardine set a purchase restriction of up to $3,000 per day, $5,000 per week, and $25,000 per month for more than 30 tokens.
Through its ACH-to-crypto solution, Sardine is a pioneer in real-time fraud detection, enabling users to transfer assets more quickly and securely.
Consensys notes that “Sardine’s payment system helps combat fraud”. Major cryptocurrency firms including FTX, MoonPay, and Autograph, among others, utilize Sardine’s infrastructure.