Bitcoin
BTC$70 839.13

2.77%

Ethereum
ETH$3 563.41

1.64%

Tether
USDT$1.000158

0.05%

Binance Coin
BNB$581.75

1.72%

Solana
SOL$187.57

1.81%

XRP
XRP$0.626949

2.28%

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.


Related

Uniswap launches NFT marketplace aggregator
Uniswap launches NFT marketplace aggregator
Uniswap’s new privacy policy sees backlash from decentralization buffs
Uniswap’s new privacy policy sees backlash from decentralization buffs
Uniswap (UNI) gains nearly 50% in 24 hours
Uniswap (UNI) gains nearly 50% in 24 hours
Uniswap has now generated more than $1B in fees for liquidity providers
Uniswap has now generated more than $1B in fees for liquidity providers
Uniswap v3 launches Optimistic Ethereum layer two scaling in alpha
Uniswap v3 launches Optimistic Ethereum layer two scaling in alpha
CoinMarketCap launches Ethereum token swaps powered by Uniswap
CoinMarketCap launches Ethereum token swaps powered by Uniswap
DeFi bucks crypto market correction as Uniswap v3 leads the charge
DeFi bucks crypto market correction as Uniswap v3 leads the charge
Uniswap v3 looks set for layer-two scaling on both Arbitrum and Optimism
Uniswap v3 looks set for layer-two scaling on both Arbitrum and Optimism
Uniswap v3 flips v2 on volume and both versions flip Bitcoin on fee revenue
Uniswap v3 flips v2 on volume and both versions flip Bitcoin on fee revenue

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76.8% 43 $70 839.13 2.77% 7.82% $1 393 188 771 575 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 76.4% 48 $3 563.41 1.64% 1.81% $427 864 652 586 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $1.000158 0.05% 0.02% $104 470 687 167 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 59.6% 80 $581.75 1.72% 4.80% $86 992 219 931 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 55.6% 89 $187.57 1.81% 4.39% $83 335 013 100 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 81.6% 32 $0.626949 2.28% -1.53% $34 409 617 914 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 95.6% 2 $0.999983 0% -0.01% $32 294 227 146 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 64% 68 $0.220054 19.30% 44.12% $31 612 266 983 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 68.4% 67 $0.651557 0.15% 2.89% $23 183 704 549 ADA 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 60% 88 $54.51 0.60% 1.13% $20 572 303 957 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 54.4% 94 $0.000032 6.09% 17.43% $18 750 576 640 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 60.8% 88 $4.89 -2.04% 19.49% $16 974 265 868 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 74.4% 52 $9.54 1.09% 2.91% $13 610 260 280 DOT 7 days price change
14 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 68.4% 60 $573.46 5.78% 37.10% $11 286 731 664 BCH 7 days price change
15 Chainlink (LINK) LINK Chainlink predictions 80% 42 $19.20 -0.96% 3.92% $11 272 368 207 LINK 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.