According to TechFlow, Web3 payment infrastructure provider Transak announced a partnership with Uniswap Labs to provide fiat currency deposit services for Uniswap Wallet. Through this partnership, Uniswap Wallet users can use fiat currency to purchase cryptocurrencies directly in their wallets without having to transfer through centralized exchanges, thus simplifying the process of entering decentralized finance (DeFi).
Uniswap Wallet is a self-hosted wallet that gives users direct access to the world’s largest decentralized exchange, the Uniswap protocol, and allows them to easily swap and trade tokens within the app. With this integration, users can purchase cryptocurrencies using a variety of global and local payment methods, including Apple Pay, Google Pay, credit/debit cards, etc., covering more than 160 countries.
“Our goal is to make DeFi accessible to everyone,” said Mary Catherine Lader, COO of Uniswap Labs. “This partnership with Transak expands our ability to ensure a user-friendly onboarding experience, welcoming new users into the world of decentralized finance.”