- Users of Uniswap can buy cryptocurrency with MoonPay now.
- Uniswap, in collaboration with MoonPay will now enable the customers to deal in DeFi via the Uniswap Web App.
- Uniswap has also said that they would not collect any banking details from their users, such as credit card, or debit card.
MoonPay has joined forces with Uniswap, the world’s largest on-chain digital asset marketplace.
Uniswap, creators of the Uniswap Protocol and seat to the premier on-chain marketplace for self-custodial digital assets, has chosen MoonPay as its first fiat on-ramp partner for its Web App fiat on-ramp.
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
By integrating with MoonPay, Uniswap has made it easier than ever for users to top up their wallets immediately with a card or bank transfer, including Instant ACH.
MoonPay CEO Ivan Soto-Wright stated :
Uniswap is one of the largest and most essential trading platforms in web3. MoonPay is happy to be the chosen supplier of fiat payment services for the decentralized exchange. Together, we’re demonstrating how to include accessibility and usability into DeFi, making it easier to transition the globe to Web3.
Users may utilize MoonPay to buy and deposit cryptocurrency in their Uniswap Web App wallets using a card, Apple Pay, Google Pay, bank transfers, and other methods.
Customers on the Ethereum mainnet, Polygon, Optimism, and Artibrum will soon be able to easily trade cash for cryptocurrency.
According to the survey, customers prefer CEXs despite the risks.orientation program for decentralized finance (DeFi) has been a substantial obstacle to adoption. Because of its zero spread charges on USDC, the lowest transaction fees in the market, and quick access, Uniswap promises to shorten the onboarding procedure with its most recent deployment.
DEXs provide enhanced user safety due to self-custodial wallets and permissionless and immutable protocols. However, as compared to centralized exchanges, DEXs do not provide an excellent onboarding experience. The Uniswap DEX’s recent step is intended to address this specifically.