Metamask, the popular non-custodial crypto wallet, announced that It will make it easier for US users to use their fiat to buy cryptocurrency. It was announced in a tweet that this was made possible through Sardine.
According to a blog by Consensys, the creator of Metamask, the new feature would allow users to buy crypto without any settlement delay. This is made possible with Sardine’s new instant ACH (Automated Clearing House network) integration. Regular ACH usually takes 1-3 days to complete. The fast payment method will also be available on holidays.
The only limitation is that each trader is capped at $3,000 daily. The weekly cap is $5,000 and the monthly is $25,000.
The blog also highlighted that ACH has a higher chance of working compared to a card which may be declined in 50% of purchases. Instant ACH also has a higher limit compared to cards.
The following video shows how easy it is to use the Sardine payment system.
About Sardine
Sardine, a San Francisco-based company, was founded in 2020 to combat fraud, to remove friction and risk associated with high-velocity money movement from banks and cards to digital wallets, and crypto. Their Team has helped scale Coinbase and led the launch of Revolut US. The company has just recently raised $51.5 Million in funding.
Instant Payment with Less Risk
The crypto industry, just like other industries, is no stranger to fraud. Decentralized platforms and wallets, like Metamask, without KYC (Know Your Customer) are sometimes taken advantage of by malicious actors. Companies like Sardine are trying to address this issue. Its instant ACH is claiming instant settlement with lesser risk.
Potential crypto investors are often held back by multiple concerns. They often ask about security risks. Some are anxious, because of the long wait before transactions are completed. In some instances, transactions are even rejected by banks. But a solution might have been found. Innovative and Easy-to-use platforms like Sardine might be the answer to convince doubters.
Featured image source: https://unsplash.com/@cardmapr
