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Uniswap Wallet Enhances Functionality with Transak’s Off-Ramp Capabilities
Uniswap Labs has integrated Transak’s off-ramp capabilities into the Uniswap Wallet, allowing users to convert their crypto assets into fiat currency directly within the app. This update makes the Uniswap Wallet a more comprehensive solution for managing digital assets.
With this integration, users can now seamlessly move between crypto and cash without extra steps or hassle. The fiat off-ramping feature is now live, enabling users to cash out via bank transfers, Visa cards, and country-specific payment methods across 169 countries.
Enhancing DeFi Accessibility
“True DeFi accessibility extends beyond just buying crypto — it includes the ability to cash out seamlessly as well,” said Transak CEO Sami Start. This integration is a significant step towards making decentralized finance more practical and accessible worldwide.
Streamlining Crypto Transactions
Uniswap first integrated Transak in July 2024 to streamline crypto purchases using Apple Pay, Google Pay, and bank cards. With the latest update, users can now both buy and sell crypto within the wallet, reinforcing Uniswap’s mission to make DeFi more accessible.
Key Benefits of the Integration
- Seamless conversion of crypto assets into fiat currency
- Cashing out via bank transfers, Visa cards, and country-specific payment methods across 169 countries
- No extra steps or hassle
- Enhanced DeFi accessibility and practicality
Transak’s Expanding Presence
Transak recently secured Money Transmitter Licenses in Illinois and Missouri, expanding its U.S. presence. These licenses allow the Web3 payment provider to operate independently in both states.
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