Crypto Frontline

Uniswap to Let Users Purchase Cryptocurrency via Payment Cards

Uniswap to Let Users Purchase Cryptocurrency via Payment Cards
December 21
20:38 2022

United States – Uniswap will let cryptocurrency users purchase digital assets via credit or debit cards. Decentralized exchange users as well can utilize bank transfers to buy crypto. 

Uniswap, a decentralized exchange, partnered with Moonpay, a fintech company, to let users purchase cryptocurrency using credit or debit cards on its website application or app. It will even let you buy through bank transfers. Bank transfer is an option that people use in the United States, the United Kingdom, and Brazil. Aside from those countries, it’s also a utilized option in SEPA or Single Euro Payments Area. 

Uniswap shared the announcement wherein it tricked its users, and now they convert fiat to the digital asset on Polygon, Ethereum, Airbrum, and Optimism.  

As per Uniswap, DEX or decentralized exchanges are as much safer choices as CEX or Centralized. Initially, Uniswap will assist Dai, Ether, USD Coin, and Theater.

The company shared the decentralized finance or Defi while the onboarding experience has been a big obstacle that prevents others adopt. Cryptocurrency users see CEX to be more convenient despite the risks. Uniswap yearns for its latest rollout will enhance the onboarding process with its no spread charges on USDC, instant access, and lowest processing charges in the market. 

The announcement of Uniswap comes at a time when some centralized digital asset platforms collapsed, like FTX. L

Cointelegraph stated that Uniswap obtained backlash from some community members for informing its privacy policy to incorporate the storage and collection of user data, which is against the core values of many. 

The updated privacy policy unveiled that the crypto exchange would gather publicly available blockchain information about crypto user devices, like operating system and browser info, as well as info on the interaction of users with the service providers. 

On another note,, a cryptocurrency exchange, is set to start during cryptocurrency winter. Naysayers predicted the imminent death of BTC or Bitcoin, yet cryptocurrency markets displayed to be remarkably resilient. Blockforia EOOD from Bulgary is set to launch its new digital asset exchange despite the crypto winter. 

The announcement of the go-live of the Bulgarian crypto exchange will happen on the eve of this year. The company will start accepting clients in some EU jurisdictions, while people can anticipate expansion to maintain in 2023. The company, along with its day-to-day operation, will endure being resided in Bulgaria. 

Blockforia is considering applying AML and KYC procedures to new customers. The main markets will be Canada, the EU, and other parts of Asia. Moreover, it supports big debit and credit cards while customers can enjoy cryptocurrency wallets without any charge. 


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