Decentralized exchange Uniswap has announced that its users can now purchase cryptocurrencies on its platform using credit or debit cards and bank transfers.
The platform is collaborating with fintech company MoonPay to offer these payment options in over 160 countries. However, the availability of these options varies depending on the user’s location.
Bank transfers, for example, are only available for users in certain regions such as the US, Brazil, SEPA, and the UK.
The exchange will initially support Ethereum (ETH), Dai (DAI), USD Coin (USDC), Tether (USDT), Wrapped Bitcoin (wBTC), and Wrapped Ether (wETH), although users in the US will not be able to purchase wETH or wBTC.
Uniswap aims to make self-custody, or the act of users holding onto their own assets rather than relying on centralized intermediaries, more accessible.