Uniswap Wallet brings on Transak to provide fiat on-ramping services
Quick Take Transak partnered with Uniswap Labs to provide fiat on-ramp services. Uniswap Wallet users will be able to purchase crypto directly with fiat in the wallet.
Web3 payment infrastructure provider Transak has partnered with Uniswap UNI +1.07% Labs to serve as a fiat on-ramp partner, facilitating fiat purchases of crypto directly in the Uniswap Wallet.
Transak announced the collaboration Monday, saying it will give users “a smooth and intuitive on-ramp experience, simplifying their entry point into decentralized finance (DeFi).”
The Uniswap Wallet is self-custodial and features direct access to the Uniswap protocol, the world’s largest and most popular decentralized exchange. This allows Uniswap Wallet users to easily exchange and trade their tokens directly in the app. By integrating with Transak, wallet users can now purchase crypto in the app, skipping the need to transfer funds from a centralized exchange and potentially opening the door to new users.
Users from over 160 countries will be able to utilize a “vast array of global and local payment methods” to purchase crypto directly in the Uniswap Wallet, such as Apple Pay, Google Pay, credit/debit cards, and other unspecified but localized payment methods.
“Our goal is to make DeFi accessible to everyone,” said Mary Catherine Lader, chief operating officer 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.”
The collaboration could allow new users to skip over intermediary steps to buying crypto, and open pathways for new users to engage with various DeFi ecosystems.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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