Uniswap joins MoonPay for debit card crypto purchases
By Alara Jordan
10:59, 22 December 2022
The decentralised exchange Uniswap ($UNI) has partnered with the crypto start-up MoonPay to allow people to use debit and credit cards to buy cryptocurrencies in an attempt to "bridge the gap between decentralised apps and traditional currencies”.
The partnership, which will be powered by MoonPay’s payments processing infrastructure, will allow users to buy cryptocurrency on Uniswap’s web application using debit and credit cards, as well as via bank transfers.
Uniswap said.: “Self-custody is still the safest way to participate in crypto. We wanted to ensure that all of our users, and users to come, have a safe and secure way to buy crypto without having to depend on centralised intermediaries.”
UNI to USD
The bank transfer option will be rolled out to users within most of the United States, Brazil and the United Kingdom, plus more than 160 other countries.
Uniswap said it will offer the “best rates in Web 3.0” to allow users to convert from fiat to crypto on the Ethereum mainnet, as well as on Polygon, Optimism, and Arbitrum.
1/ Go direct to DeFi ????
— Uniswap Labs ???? (@Uniswap) December 20, 2022
Starting today, you can now purchase crypto on the Uniswap Web App using a credit/debit card or bank transfer at the best rates in web3 thanks to our partnership with @moonpay! ????https://t.co/YVyk8e6d2h
Uniswap, which is built on the Ethereum blockchain, was created in 2018, although its native token, UNI, did not come into circulation until 2020.
UNI entered the market in September 2020 at a price of around $6.50, but it fell to a low of $1.8 two months later in November 2020. The token witnessed a significant rally in the earlier months of 2021, and hit its all-time high price of $43.08 in May 2021.
At the time of writing, $UNI was changing hands at $5.28 and was down around 0.20% in the previous 24 hours.
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