Uniswap Brings Bank Accounts, Debit, Credit Cards to DeFi

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While cen­tral exchanges and cryp­to firms are fight­ing for sol­ven­cy and seek­ing bank­rupt­cy pro­tec­tions, Uniswap is boot­ed up for the Fiat Game. Start­ing today, any­one can pur­chase cryp­to on the Uniswap Web App using a cred­it card, deb­it card, or bank trans­fer at the best rates in web3.

Uniswap struck a deal with Moon­Pay to bridge DeFi and con­ven­tion­al cur­ren­cies, which allows Uniswap users to buy cryp­to assets direct­ly via bank accounts or cards in 160+ coun­tries. How­ev­er, bank trans­fers are only avail­able for most of the US, Brazil, SEPA, and the UK.

Depend­ing on the region, users will be able to pur­chase DAI, ETH, MATIC, USDC, USDT, WBTC, and WETH with some of the low­est fees in the entire mar­ket. Uniswap users can now con­vert from fiat to cryp­to onto Ethereum main­net, Poly­gon, Opti­mism, and Arbi­trum and start swap­ping in minutes!

With this deal, Uniswap and Moon­Pay aim to resolve the long­stand­ing issue for DEX users: Peer-to-peer blockchain pro­to­cols do not sup­port fiat pairs like Cen­tralised Exchanges. Cur­rent­ly, users can pur­chase cryp­tocur­ren­cies at as low as $15 and go up to $12000.

Uniswap claims to pro­vide the best fiat on-ramp expe­ri­ence on the mer­it of its no spread fees on USDC, the low­est pro­cess­ing fees in the mar­ket, and instant access! 

Ivan Soto-Wright, CEO of Moon­Pay, stat­ed that “Uniswap is one of the largest and most impor­tant trad­ing plat­forms in web3 and Moon­Pay is proud to be the cho­sen provider of fiat pay­ment ser­vices for the decen­tral­ized exchange. Togeth­er, we’re show­cas­ing how you embed acces­si­bil­i­ty and usabil­i­ty into DeFi — mak­ing it eas­i­er to onboard the world to Web3.”

Also Read: Brazil’s Fla­men­go Part­ners with Moon­Pay to for­ay into Web3



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