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