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Metamask will revolutionize cryptocurrency purchases for US users

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Already one of the largest and most popular wallets in the cryptocurrency industry, Metamask is making a move that will allow it to grow even more. Not only that, but it will make it a lot easier for American investors to buy cryptocurrencies.

This comes from the fact that Sardine, the financial platform, yesterday, October 13, confirmed its entry into a partnership with ConsenSys. The partnership will allow Metamask users across the United States to purchase cryptocurrencies using their bank accounts through the wallet user interface.

Users can buy cryptocurrency through the bank account directly

Sardines, which offers instant ACH settlements, is just the latest partnership that Metamask has recently entered into. Prior to this, Metamask also revealed a collaboration with Asset Reality, which will help its users to recover stolen coins without any additional charges. As for Sardine, the partnership will mark another major achievement in its roadmap.

The company’s team recently held a Series B funding round, which was very successful. They managed to raise about $51.5 million. The round was led by a crypto-friendly crypto-capital firm, A16Z. However, several other major names were involved as well, including Google Ventures and even Visa itself. ConsenSys – the blockchain technology company behind the Metamask wallet – also participated in the funding round.

Once the two companies connect their technologies, Metamask users will be able to use the new ACH instant payment option. However, before they can do that, they will have to comply with Sardine’s KYC procedure. This process is mandatory, they will not be able to use the payment feature in any other way. For now, the option is expected to be available in 48 different states, with the latter two – New York and Hawaii – expected to be accepted in the near future.

What do you want to know about the new instant payment feature

Sardines have taken certain steps to help prevent fraud and electronic fraud. You have set your buy limit to $3,000 per day and $5,000 per week. On a monthly basis, users will be able to purchase crypto for only $25,000. However, they will be able to purchase more than 30 different tokens. Supported encryption is not detected.

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ConsenSys advertiser That the new instant payment method will work much better than traditional payment systems, which often have problems such as rejection of card purchases. Orders will be completed in minutes rather than days, and holidays and other periods of the year when poorly paid off will not be a problem.

Sardine’s infrastructure is already used by a number of other major crypto companies, including Autograph, MoonPay, and even one of the leading crypto exchanges, FTX.

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Blockchain

Binance US cancels trading fees on Ethereum

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Binance US announced that it has extended its “no-fee pricing model” to Ether (ETH) is effective immediately.

According to the announcement, users can now freely trade Four Ether spot market pairs: ETH/USD, ETH/USDT, ETH/USDC and ETH/BUSD.

Effective immediately, the American exchange has also eliminated gas fees on all Ethereum transactions made through the “buy and sell” feature on their website.

in June, Binance US followed suit Robinhood, which pioneered commission-free cryptocurrency trading in 2018, is powered by remove all bitcoin (BTC) Spot market trading fees for BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD.

Binance US operates as an independent entity in the United States but still bears the same name and logo as global cryptocurrency exchange Binance. As the name suggests, the US-based Binance exchange primarily caters to US cryptocurrency traders.

According to Binance US President and CEO Brian Schroder, the removal of fees on both BTC and ETH cements the company’s position as “the low-fee leader in crypto.” He added that “now, more than ever, it is critical that platforms work with users’ interests first”.

Related: Why the fight for low or no transaction fees is really important

Exchanges play an important role in cryptocurrency adoption. Facilitating fee-free transfers encourages users to engage more with digital assets. If it were costly to send money from one point to another, millions of potential users would avoid or limit their use of the technology.

Exchanges that avoid charging fees can still earn from fee-free transactions through spreads. In trading, spread is known as the difference between the bid (sell) price and the ask (buy) price of a trading pair.