The leading cryptocurrency wallet, MetaMask, has announced an integration with the fiat and cryptocurrency settlement platform Sardine. This partnership will allow customers from the US to purchase crypto using bank funds using Sardine’s quick settlement service via ACH on MetaMask.
Sardine’s solution for ACH to crypto will allow orders to be completed in minutes and work on holidays. Sardine’s platform is highly secured and used in the background by existing crypto companies like FTX, MoonPay, Blockchain.com, and Autograph. The company is an industry leader in the field of real-time fraud detection. It lets users transfer money more quickly and safely through its ACH-to-crypto service.
Purchasing crypto directly from a bank account is believed to be much more effective when compared to using credit cards to pay. It’s because banks typically reject them. In addition, in contrast to regular ACH payments, Insta-fast ACH is processed in minutes and is available on bank holidays.
Customers must follow the rules and go through Sardine’s KYC procedure, and Metamask is also necessary to adhere to. After that, users can buy crypto for up to $3,000 over a day, $5,500 per week, and the monthly limit is $25,000. The boundaries were set to ensure that scams and fraudulent transactions were minimized.
For Sardine, the partnership will be another milestone in its plan. The team recently raised $51.5 million in an investment round in Series B financing led by the cryptocurrency-friendly venture capital firm A16z and supported by other major players in the field, such as Visa and Google Ventures. ConsenSys, the blockchain technology firm behind Metamask, has also participated in Sardine’s financing round.
Watch The Video Of How You Can Buy Cryptocurrency Directly From Your Bank Account In Metamask