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Uniswap partners with Moonpay to enable Card Transactions on Web App

Published

1 year ago

December 21, 2022

Popular Decentralised Finance (DeFi) Platform Uniswap, on Tuesday, 20th December, announced a partnership with the Crypto payment solution platform Moonpay to enable users to purchase crypto through Uniswap’s web app using debit/credit cards.

1/ Go direct to DeFi 🚄

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 Labs 🦄 (@Uniswap) December 20, 2022

Uniswap also hailed ‘self-custody’ as the “safest way to participate in crypto’” Uniswap aimed to ensure new and current users have a safe method of buying crypto assets. Without having to depend on centralized intermediaries.

According to Uniswap, when users connect their wallets to the platform’s web app, they can buy crypto using fiat currencies. The web app now allows users to complete crypto transactions using Credit or Debit cards and bank transfers, and it is available in over 180 countries. The web app also features zero spread on USDC, low processing fees, and instant access

Using the Uniswap Webapp

To purchase crypto assets with Card and transfer payment methods on the Uniswap web app, do the following:

Connect your wallet to the Uniswap Web App
Click the wallet dropdown
Buy crypto and use it instantly!

Supported payment methods

Card and Bank transfer payment methods are accepted; however, according to Uniswap, this would depend on the region. Bank transfers are only available for most of the US, Brazil, SEPA, and the UK.

Supported Tokens

At the launch of this payment solutions service, the Uniswap web app will support DAI, ETH, MATIC, USDC, USDT, WBTC, and WETH. However, this also depends on the region. For example, US users cannot purchase WETH or WBTC.

Supported Chains

The Uniswap web app will support chains including Ethereum mainnet, Polygon, Optimism, and Arbitrum.

Although this payment solution service supports the purchasing of crypto assets, it does not; however, support purchasing NFTs at the time of writing. Nevertheless, users can buy ETH using the service and use this ETH to purchase NFTs on the Uniswap Web App.