Uniswap, a decentralized exchange, has announced that it will allow users to purchase cryptocurrency using debit and credit cards, as well as bank transfers.
The bank transfer option will be available to users in the US, Brazil, the UK, and the Single Euro Payments Area.
Uniswap aims to make the process of buying cryptocurrency easier and more convenient for its users, who will be able to convert fiat to cryptocurrency on the Ethereum mainnet, Polygon, Optimism, and Artibrum in a matter of minutes.
Initially, Uniswap will support Dai, Ether, USD Coin, Tether, Wrapped Bitcoin, and Wrapped Ether, depending on the user’s region.
The exchange hopes that the new feature will improve the onboarding process for decentralized finance by offering no spread fees on USDC, low processing fees, and instant access.