MetaMask Enables US Users to Buy Crypto from Their Bank Accounts

MetaMask, the crypto wallet by ConsenSys, has launched a new feature that enables users in the United States to buy crypto directly from their bank accounts.

U.S. Users to Buy Crypto from Bank Accounts

In an effort to diversify payments options for its users, MetaMask now allows U.S.-based users to buy cryptocurrencies directly from their bank accounts with zero settlement delays.

Fazzaco Hall of Fame 2022 to Make Debut Soon​

This feature was made possible thanks to a partnership between ConsenSys and instant ACH settlement merchant Sardine. Three weeks ago, Sardine completed a $51.5 million Series B funding round featuring Visa, a16z, and Google Ventures.

MetaMask Users Gain Instant ACH

Unlike standard ACH (Automated Clearing House) providers, Sardine's instant ACH settlement is completed within minutes, and also works during bank holidays. Instant ACH also allows higher limits than typically provided on cards. 

U.S. users are able to take advantage of the feature to purchase up to $3,000 worth of crypto in a single day, $5,000 in a week, and $25,000 monthly. According to MetaMask, these limits were set to ensure that the risk of scams and fraud is minimized.

Of particular note is that users are required to comply with Sardine's KYC processes in order to access the feature. MetaMask itself also follows these guidelines. Over 30 cryptos can be accessed with the new service, and availability could expand as MetaMask lists additional assets.

(Source: Dailycoin)