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


21 Dec 2022

#UniSwap

Users of the decentralized exchange will also be able to use bank transfers to purchase crypto. Decentralized exchange Uniswap has partnered with fintech company Moonpay to allow users to buy cryptocurrency on its web app using debit cards, credit cards, and bank transfers. The bank transfer option is being rolled out for users within most U.S. states, Brazil, the United Kingdom and the Single Euro Payments Area, also known as SEPA.

In the announcement made on Dec. 20, Uniswap shared that its users will now be able to convert fiat to cryptocurrency on the Ethereum mainnet, Polygon, Optimism, and Artibrum in a matter of minutes. 

According to Uniswap, decentralized exchanges (DEX) are a much safer option than centralized exchanges (CEX) because of their built-in user protection, self-custodial wallets, permissionless, immutable protocols and transparent public ledger. Initially, Uniswap will support Dai, Ether, USD Coin, Tether, Wrapped Bitcoin (wBTC), and Wrapped Ether (wETH), depending on the user's region. 

The company shared that the decentralized finance (DeFi) onboarding experience has been a major hurdle to adoption, as CEXs are seen as more convenient by users despite associated risks. Uniswap hopes its latest rollout will improve the onboarding process with its “no spread fees on USDC, lowest processing fees in the market, and instant access.” 

Uniswap's announcement comes at a time when several centralized crypto platforms have collapsed, the latest being FTX. On Nov. 22, Cointelegraph reported that Uniswap received backlash from some members of the community for updating its privacy policy to include the collection and storage of user data, which for many goes against crypto’s core values.  The privacy policy, updated on Nov. 17, revealed that the exchange will collect publicly available blockchain data, information about user devices such as browser information and operating systems, as well as information on users’ interactions with its service providers.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 84.8% 19 $66 661.99 -0.78% 9.21% $1 313 286 357 219 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 88.4% 20 $3 091.54 -1.38% 7.12% $371 376 449 299 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.2% 1 $0.999955 -0.01% 0.03% $111 429 922 801 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 89.6% 6 $576.30 -0.90% -1.94% $85 054 179 016 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 75.2% 42 $172.54 -0.95% 22.98% $77 471 147 278 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94% 1 $1.000055 0.01% 0% $33 497 191 204 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 88.8% 8 $0.512600 -2.07% 4.18% $28 341 122 489 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 70.8% 65 $6.34 -1.61% -7.69% $22 023 425 481 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 80% 30 $0.151251 -3.02% 10.32% $21 834 921 284 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 86% 23 $0.469351 -2.51% 9.51% $16 746 496 038 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 80.4% 41 $0.000024 -4.51% 9.69% $14 044 244 503 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 80% 38 $36.06 -4.38% 11.66% $13 802 975 866 AVAX 7 days price change
13 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 85.6% 18 $0.121333 -0.92% -4.35% $10 609 537 077 WTRX 7 days price change
14 TRON (TRX) TRX TRON predictions 86% 21 $0.121321 -0.96% -4.20% $10 608 524 161 TRX 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 89.2% 18 $66 645.37 -0.66% 9.24% $10 363 126 056 WBTC 7 days price change

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