MetaMask Ethereum Wallet introduced instant bank-to-crypto transfer
- MetaMask partnered with Sardine to make bank-to-crypto transfers easier.
- With the new MetaMask integration, users can convert their hard-earned traditional money into more than 30 tokens.
MetaMask is a crypto wallet that provides a simple procedure for users to convert their traditional currency into cryptocurrency, with financial provider Sardine, the parent company of MetaMask, noted in its announcement the following week.
The users of MetaMask will now be able to fund their crypto wallet using a bank transfer immediately instead of waiting for traditional money transfers to complete.
ConsenSys, in a blog post, noted that instant ACH transfers via Sardine are better than other modes for some users.
Using the new MetaMask integration, users can convert their hard-earned traditional money into more than 30 tokens, up to a Sardine day-to-day transaction of up to $3,000.
Although immediate purchase and conversion may raise questions about security and whether it potentially increases the risk of fraud or other illegal activity.
MetaMask wrote on its Twitter account, “Sardine’s payment system helps fight fraud and allows instant purchases of up to $3000/day, $5000/week and $25000/month for over 30 tokens.”
Sardin’s website provides more context: The homepage claims that the developers “built a fraud prevention and compliance infrastructure that improved both Coinbase and Revolut.” The site also claims that its technology can detect 300% more fraud than other competitors, and that users experience 90% less identity fraud compared to several other platforms.
The payment protocol startup seems confident in its functionality to stop and address fraud, as it guarantees that Sardine takes full responsibility for any chargebacks or returns for other business customers exploring its services.
In the first week of October 2022, MetaMask highlighted in its official blog post that it is launching a new app that will make it easier for users to monitor their cryptocurrency and non-fungible token portfolio collectively.
The launched dapp supports multiple chains, which means users can watch from multiple chains simultaneously. Currently, it only supports seven networks, and Wallet plans to increase the number in the future.
A special “view any wallet” feature in the portfolio manager allows users to connect multiple MetaMask accounts and offline and hardware wallets.
Recently, Instagram and Facebook launched the feature to add crypto wallets to social media, and Meta also offers the ability to add MetaMask wallets to their social media protocols.
The MetaMask wallet is among the crypto wallets that are performing very well in the market. According to reliable data, the MetaMask wallet has around 30 million active users.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional money exchange systems. She is also fascinated by the blockchain technology and its function.
