Uniswap to allow users to buy cryptocurrency using debit and credit cards
Decentralized exchange Uniswap has collaborated with Moonpay to allow users to buy cryptocurrency on its web app using debit cards, credit cards, and bank transfers. the bank transfer option is being rolled out for users within US states.
Users of the decentralized exchange will be able to use bank transfers to purchase crypto.
Uniswap shared that its users will now be able to convert fiat to cryptocurrency on the Ethereum Mainnet, Polygon, Optimism, and Artibrum in a matter of minutes.
1/ Go direct to DeFi— Uniswap Labs (@Uniswap) December 20, 2022
Starting today, you can now purchase crypto on the Uniswap Web App using a credit/debit card or bank transfer at the best rates in web3 thanks to our partnership with @moonpay! https://t.co/YVyk8e6d2h
According to Uniswap decentralized exchanges (DEX) are a safer option than Centralized exchanges (CEX) because of their built-in user protection self-custodial wallets, permissionless, immutable protocols, and transparent public ledger.
Uniswap will support DAI, ETH, USDC, USDT, wBTC, and wETH depending on the user's region.
Uniswap shared that the decentralized finance (DeFi) onboarding experience has been a big hurdle to adoption as CTXs are seen as more convenient by users despite risks. Uniswap hopes its latest rollout will improve the onboarding process with its no spread less on USDC, lowest processing fees in the market, and instant access.