Uniswap Wallet Integrates Transak for Direct Fiat-to-Crypto Purchases

Uniswap Wallet users gain a seamless on-ramp to DeFi with in-app fiat purchases powered by Transak.

Uniswap Wallet users can now buy crypto directly with fiat currency within the wallet, thanks to a new partnership with Transak. This integration simplifies the process of entering decentralized finance (DeFi) by eliminating the need to transfer funds from a centralized exchange.

Transak, a Web3 payment infrastructure provider, will serve as Uniswap Labs’ fiat on-ramp partner. This collaboration aims to create a “smooth and intuitive on-ramp experience” for users, according to Transak’s announcement.

The Uniswap Wallet, a self-custodial wallet with direct access to the Uniswap protocol, allows users to trade and swap tokens directly within the app. Integrating Transak empowers users to purchase crypto directly in the wallet, potentially attracting new users to DeFi by removing the extra step of transferring funds from a centralized exchange.

Global Payment Options

Over 160 countries will have access to a “vast array of global and local payment methods” for buying crypto directly in the Uniswap Wallet. This includes popular options like Apple Pay, Google Pay, and credit/debit cards, along with unspecified localized payment methods.

“Our goal is to make DeFi accessible to everyone,” stated Mary Catherine Lader, COO of Uniswap Labs. “Our partnership with Transak expands our ability to ensure a user-friendly onboarding experience that welcomes newcomers into the world of decentralized finance.”

This integration could significantly reduce barriers to entry for new DeFi users by streamlining the crypto purchase process and opening doors to broader participation in various DeFi ecosystems.

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* We hope this information will help you in your investment process, but this is not investment advice. Every investment carries risk, especially in this industry, so DYOR before making a decision.