Uniswap, a well-known decentralized crypto exchange platform, announced that users can use debit and credit cards to purchase cryptocurrency.
About the Announcement
Uniswap has partnered with Moonpay so that users can now buy cryptocurrency via debit card, credit card and wire transfer methods through its platform. With this partnership, cryptocurrency purchase transactions with debit and credit cards will be supported for more than 160 countries. Payment methods for credit and debit cards will vary by region, but wire transfers will initially only be available to users in US states, Brazil, the UK and Single Euro Payment Area(SEPA).
Supported Regions
Initially, tokens such as DAI, ETH, MATIC, USDC, USDT, WBTC, and WETH will be supported, but according to the announcement, this may vary from region to region. In addition, platform claims that users will have low transaction fees and zero spreads for cryptocurrency purchase transactions.
We have stated in our previous articles that users’ trust in centralized exchanges has decreased with the FTX fiasco. Platform claims that decentralized exchanges are much safer than centralized exchanges. However, Uniswap’s recent privacy policy update leaves a question mark. With the new privacy policy update, Uniswap’s ability to access personal information such as users’ data, operating systems and browser information received great reactions in the crypto world.
About Uniswap
Uniswap is a decentralized exchange platform where you can trade crypto-currencies and any asset located on the blockchain. The platform it is built on the Ethereum blockchain. One of the other activities of the platform is to facilitate the trading of cryptocurrencies on the Ethereum blockchain.
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