Uniswap Wallet is taking a major step towards becoming the ultimate destination for decentralized finance (DeFi) users.
The innovators behind the world’s largest DEX announced today that they have deepened their collaboration with Transak, a leading provider of fiat-to-crypto on-ramps and off-ramps, by introducing off-ramp capabilities directly within the Uniswap Wallet.
This integration promises to make DeFi more accessible and user-friendly by allowing users to seamlessly convert their crypto assets into fiat currency.
Launched to provide a secure and user-friendly way to hold and manage digital assets, the Uniswap Wallet now offers a complete crypto ownership lifecycle experience.
Transak’s integration allows users to effortlessly convert their cryptocurrencies back to fiat via traditional payment rails, including bank accounts, Visa cards, and other country-specific methods.
“We believe that true DeFi accessibility extends beyond just buying crypto—it includes the ability to cash out seamlessly as well,” said Sami Start, Co-founder & CEO at Transak.
By integrating Transak’s off-ramp, we can provide a holistic experience to Uniswap users.
In July 2024, Uniswap Labs initially integrated Transak into Uniswap products to simplify onboarding into decentralized finance (DeFi).
This initial integration allowed Uniswap wallet users to purchase cryptocurrencies directly within the wallet using Transak’s extensive payment options, including Apple Pay, Google Pay, credit/debit cards, and multiple localized methods.
The collaboration aimed to make DeFi more accessible by providing a user-friendly on-ramp experience.
The latest enhancement to the Uniswap Wallet empowers users to sell their crypto assets for fiat currency with ease.
Transak’s off-ramp feature supports transactions across multiple networks and Transak’s off-ramp feature is available in over 100 countries, ensuring a seamless experience for users worldwide.
The new Transak off-ramp feature enhances the Uniswap Wallet experience by:
Seamless fiat conversion: Allowing users to convert their crypto holdings, such as ETH and stablecoins, directly into fiat currencies, eliminating the complexities of offloading assets through multiple platforms.
Global reach & localized payments: Supporting over 100 countries and multiple local payment methods, including bank transfers and digital wallets.
Since mid-2024, Transak’s fiat on-ramps have been integrated within the Uniswap Wallet, helping users onboard seamlessly into DeFi.
Expanding this collaboration to include off-ramping strengthens Uniswap’s wallet making decentralized finance more practical for users worldwide, allowing them to easily enter and exit the crypto ecosystem as needed.
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