The cryptocurrency company Consensys said on Tuesday that the ETH wallet Metamask now supports bank-to-crypto transfers via the ACH provider Sardine. In a recently posted blog entry, Consensys notes that “with Sardine’s new fast ACH connectivity, you can acquire crypto quickly with no settlement delays.” The crypto company continued:
“Instant ACH allows orders to complete in minutes instead of days like a standard ACH order, and works on holidays, unlike regular ACH.”
Users of Metamask can now exchange their fiat currency for cryptocurrencies with a daily cap of $3K thanks to a function just implemented by Sardine. Users can spend up to $5,000 every week or $25,000 per month to buy more than 30 different cryptocurrencies. According to a blog post by Consensys, Sardine offers “strong compliance and fraud prevention architecture” in addition to rapid ACH services.
Consensys also notes that cryptocurrency businesses like Tom Brady’s Autograph, the crypto exchange FTX, and Moonpay leverage Sardine. The company, according to Consensys, “leads the industry in real-time fraud detection and enables customers to move money faster and safer with its ACH-to-crypto solution.” The company adds, “Sardine delivers you the money instantaneously, so you don’t have to expect any delays, so you don’t have to wait for the money to touch your account in order to utilize it.”
Along with Consensys, the Metamask Twitter account’s official account tweeted: “Sardine’s payment system helps combat fraud and permits instant purchases” and described how users may start utilizing the recently added functionality. On October 15, Metamask’s website stated that “30 million users worldwide” were using the program.
