- Uniswap Labs and Transak worked together to provide fiat on-ramp services.
- Users of the Uniswap Wallet will be able to immediately buy cryptocurrency using fiat money inside the wallet.
As a fiat on-ramp partner, Transak, a provider of Web3 payment infrastructure, has teamed up with Uniswap Labs to enable fiat purchases of cryptocurrency straight into the Uniswap Wallet.
Transak declared the partnership on Monday, claiming it will ease consumers’ entry point into decentralized finance (DeFi) by providing a seamless and user-friendly on-ramp experience.
The largest and most well-liked decentralized exchange in the world, the Uniswap protocol, may be accessed directly through the self-custodial Uniswap Wallet.
This makes it simple for users of the Uniswap Wallet to trade and exchange their tokens within the app. Wallet users may now buy cryptocurrency directly from the app by connecting with Transak, eliminating the need to transfer money from a centralized exchange and possibly attracting new customers.
To buy cryptocurrency directly in the Uniswap Wallet, users from more than 160 countries will have access to a wide range of local and international payment options, including credit/debit cards, Apple Pay, Google Pay, and a few other regionally specific, nameless payment methods.
Uniswap Labs’ chief operating officer, Mary Catherine Lader, stated, “Our goal is to make DeFi accessible to everyone.” Our collaboration with Transak enhances our capacity to provide an easy-to-use onboarding process that accompanies newcomers into the decentralized finance ecosystem.
Through the partnership, new users may be able to bypass middlemen when purchasing cryptocurrency and have easier access to other DeFi ecosystems.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
