Uniswap to allow users to buy cryptocurrency using debit and credit cards

1 year ago

Users of the decentralized speech volition besides beryllium capable to usage slope transfers to acquisition crypto.

Uniswap to let  users to bargain  cryptocurrency utilizing debit and recognition  cards

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Decentralized speech Uniswap has partnered with fintech institution Moonpay to let users to bargain cryptocurrency connected its web app utilizing debit cards, recognition cards, and slope transfers. The slope transportation enactment is being rolled retired for users wrong astir U.S. states, Brazil, the United Kingdom and Single European Payments Arena, besides known arsenic SEPA.

In the announcement made connected Dec. 20, Uniswap shared that its users volition present beryllium capable to person fiat to cryptocurrency connected the Ethereum mainnet, Polygon, Optimism, and Artibrum successful a substance of minutes. 

1/ Go nonstop to DeFi

Starting today, you tin present acquisition crypto connected the Uniswap Web App utilizing a credit/debit paper oregon slope transportation astatine the champion rates successful web3 acknowledgment to our concern with @moonpay! https://t.co/YVyk8e6d2h

— Uniswap Labs (@Uniswap) December 20, 2022

According to Uniswap, decentralized exchanges (DEX) are a overmuch safer enactment than centralized exchanges (CEX) due to the fact that of their built-in idiosyncratic protection, self-custodial wallets, permissionless, immutable protocols, and transparent nationalist ledger. 

Initially, Uniswap volition enactment Dai (DAI), Ether (ETH), USD Coin (USDC), Tether (USDT), Wrapped Bitcoin (wBTC), and Wrapped Ether (wETH), depending connected the user's region. 

The institution shared that the decentralized concern (DeFi) onboarding acquisition has been a large hurdle to adoption, arsenic CEXs are seen arsenic much convenient by users contempt associated risks. Uniswap hopes its latest rollout volition amended the onboarding process with its “no dispersed fees connected USDC, lowest processing fees successful the market, and instant access.” 

Related: Uniswap launches NFT marketplace aggregator

Uniswap's announcement comes astatine a clip erstwhile respective centralized crypto platforms person collapsed, with the latest being FTX. 

On Nov. 22, Cointelegraph reported that Uniswap received backlash from immoderate members of the assemblage for updating its privateness argumentation to see the postulation and retention of idiosyncratic data, which for galore goes against crypto’s halfway values. 

The privateness policy, updated connected Nov. 17, revealed that the speech volition cod publicly-available blockchain data, accusation astir idiosyncratic devices specified arsenic browser accusation and operating systems, arsenic good arsenic accusation connected users’ interactions with its work providers, among others.

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