Users of the decentralised exchange will also be able to buy cryptocurrency via bank transfers.
independent conversation Uniswap has partnered with fintech company Moonpay to allow users to buy cryptocurrencies on its web app using debit cards, credit cards, and bank transfers. Users can now use the bank transfer option in the majority of US states, Brazil, the UK, and the Single Euro Payments Area, or SEPA.
On December 20, Uniswap announced that its users would soon be able to swiftly exchange fiat currency for cryptocurrencies on the Polygon, Optimism, and Artibrum networks as well as the Ethereum mainnet.
Kitco News the top decentralised exchange Uniswap just announced that customers may now buy cryptocurrency using the Uniswap Web App using a credit card, debit card, or bank transfer. This makes investing in decentralised finance (DeFi) a little bit simpler.
Because of its built-in user safety, self-custodial wallets, permissionless, immutable protocols, and transparent public ledger, Uniswap claims that decentralised exchanges (DEX) are a significantly safer alternative than centralised exchanges (CEX).
Depending on the user’s location, Uniswap will initially offer Dai, Ether ETH, USD Coin, Tether, Wrapped Bitcoin (wBTC), and Wrapped Ether (wETH).
The company acknowledged that despite the dangers involved, customers still prefer CEXs and that the onboarding process for decentralised finance (Defi) has been a significant barrier to adoption. With “no spread costs on USDC, lowest processing fees in the market, and rapid access,” Uniswap anticipates that its most recent deployment will enhance the onboarding process.