MetaMask's new option allows US users to buy cryptocurrencies via instant bank transfers from the app.
MetaMask is one of the most widely used digital wallets in the world, largely due to its simple and intuitive use. It is a wallet Designed, since its development, to Bringing Web3 and Decentralized Finance (DeFi) to the general public, eliminating the difficulty barrier that these types of tools usually have and offering a great interconnectivity.
Now Dappradar has announced its partnership with fintech company Sardine, to implement a new payment system in its application: immediate bank transfers.
Through a blog postConsenSys has explained that US users will have a payment method, instant bank transfers (ACH), thanks to Sardine technology.
ConsenSys points out that This new payment method is more flexible than others, as, for example, card payments can be declined up to 50% of the time and have strict monetary limits.
In this sense, Sardine's ACH has a daily limit of $3.000 and purchases are effective within a few minutes, at any time, even on weekends and holidays.
How does the new payment method work in MetaMask?
First of all, as we have already pointed out this option Only available for US users. Once this is clear, the purchasing process using ACH is very simple:
- Click the “Buy” button.
- Select one of the 48 US states where it is available.
- Choose “Instant Bank Transfer” as payment method.
- Select the token and network.
- Select the amount we want to buy, either in fiat money or in tokens.
- Select “Sardine” as supplier.
- Review your purchase and select “Confirm” to complete the purchase.
The problem of bank transfer security
One of the main concerns of users could be the security in this type of payments.
On this point, Sardine explains on their website that they have built a unique infrastructure for fraud prevention and compliance with security regulations. In this regard, they claim that their technology is capable of detecting 300% more fraud than other providers and that its users experience 90% less identity fraud than those on other platforms.
MetaMask developers explain in their article that Sardine is responsible for any chargebacks or returns. of any users who use the service, although they do not detail to what extent the fintech is responsible for security problems that may occur due to the use of the application.
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