Famous DEX Uniswap Now Allows Users To Purchase Crypto Using Credit Cards

Uniswap, a decentralized finance (DeFi) company, is declaring that crypto users can now purchase digital assets on its web-based applications with the utilization of bank transactions, debit cards, or credit cards. The prominent decentralized exchange (DEX) is inculcating its support for the latest payment facilities while collaborating with MoonPay as well.

Uniswap Introduces Payments via Bank Transactions and Credit Cards

MoonPay is considered to be a fintech firm specified for constructing crypto-focused payment infrastructure. The fintech platform stated that the clients can go straight to the decentralized finance with the use of the web application of Uniswap as they can purchase crypto assets there with the means of any bank transaction, or card-based funds transfer across more than 160 countries via MoonPay.

The payment options’ availability differs depending on the jurisdictions. For instance, the bank transactions are just accessible for the consumers who mostly belong to Brazil, US, UK, and Single European Payments Areas (SEPA).

As mentioned by the decentralized exchange, the crypto assets taking into account Wrapped Ether (wETH), Wrapped Bitcoin (wBTC), Tether (USDT), USD Coin (USDC), Dai (DAI), and Ethereum (ETH) are gaining more support.

As per Uniswap, the DeFi community is supporting the launch of the above-noted tokens according to their regions. In this way, the people belonging to the United States do not have the liberty to buy wBTC or wETH.

The centralized exchanges are going through enhanced inspection amidthe accusations that FTX (a former top crypto exchange) mismanaged the funds of its customers.

In this situation, Uniswap is of the view that the self-custody plays the role of the most secure option in case of crypto investment.

Nonetheless, one of the chief hindrances to the adoption of decentralized finance has been faced during the onboarding process, pushing the clients to keep the assets in their possession on the centralized exchanges (CEXs) to have convenience, notwithstanding the hazards involved in this.

The company specifies that it is providing more accessibility in the method of self-custody. According to it, the platform is endeavoring to guarantee that the entirety of its customers enjoy the secure and safe method to purchase crypto while requiring no dependence on the centralized mediators.

The DAO Community of Uniswap Proposes a Unique Governance Procedure

It suggests that the clients who intend to link their wallet to the web application of Uniswap will have the capability to purchase cryptocurrency while utilizing the fiat currency.

The firm categorizes this move as a significant step to increase the span of self-custody and DeFi space to all the consumers. Recently, the members of the Uniswap community have suggested the reformation of the voting procedure.

The purpose of this reformation is to provide convenience in the method of the system’s governance. The earliest proposal, in the previous week witnessed hundred percent voting in favor of the change in the governance structure to operate within the ecosystem.

In case of the prominent modifications; Uniswap will minimize the off-chain votes’ number to ones. These votes come ahead of the on-chain votes.

Nonetheless, the number of on-chain votes (which are the final votes to determine the governance) will not be altered. Both the vote kinds require the members to participate via contributing UNI (Uniswap’s local token).

Through on-chain voting, the data is incorporated to the blockchain of Ethereum, while the off-chain votes take the community participants to the first stance towards any proposal.