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- MetaMask Collaborated 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 an easy 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 with the help of a bank transfer immediately rather than waiting for traditional fund transfers to complete.
ConsenSys, in a blog post, noted that immediate ACH transfers via Sardine are better than other modes for some users.
With the help of 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 queries regarding safety and whether it potentially increases the risk of fraud or other illicit activity.
MetaMask wrote on its Twitter account, “Sardine’s payment system helps combat fraud and allows instant purchases of up to $3,000/day, $5,000/week, and $25,000/month for over 30 tokens.”
The website of Sardin provides more context: Its homepage claims that its developers “built a fraud prevention and compliance infrastructure that enhanced both Coinbase and Revolut.” The site also asserts that its technology can detect 300% more fraud than other competitors and that its users experience 90% less identity fraud compared to several other platforms.
The startup of the payment protocol seems confident in its functioning power to stop and address fraud, as it guarantees that Sardine takes complete liability for any chargebacks or returns for other business clients exploring its services.
In the first week of October 2022, MetaMask, in its official Blogpost, highlighted that it is launching a new daap that will facilitate the users to monitor their cryptocurrency and non-fungible token portfolio collectively.
The launched dapp supports multiple chains meaning users can view from several chains simultaneously. Presently, it supports only seven networks, and Wallet plans to increase the number in the future.
A special feature of “watch any wallet” in the portfolio manager allows users to connect to multiple MetaMask accounts and offline and hardware wallets.
Recently Instagram and Facebook launched the feature of adding crypto wallets to social media, and Meta also offers the option of adding MetaMask wallets to their social media protocols.
MetaMask wallet is among those crypto wallets 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, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
