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Uniswap Integrates Debit and Credit Card Support for Cryptocurrency Purchases

Uniswap, a decentralized exchange platform, has announced that it is partnering with fintech company Moonpay to allow users to buy cryptocurrency on its web app using debit cards, credit cards, and bank transfers.

Leather Wallet with Card in it
Leather Wallet with Card in it

This option will be rolled out to users in most U.S. states, Brazil, the United Kingdom, and the Single Euro Payments Area (SEPA). With this partnership, Uniswap users can now convert fiat to cryptocurrency on the Ethereum main net, Polygon, Optimism, and Artibrum within minutes.

Uniswap Focuses on Improving DeFi Onboarding Experience

Uniswap has emphasized the importance of improving the decentralized finance (DeFi) onboarding experience, as centralized exchanges (CEX) are often seen as more convenient despite their associated risks. In an effort to make the onboarding process smoother, Uniswap is offering "no spread fees on USDC, the lowest processing fees in the market, and instant access." Uniswap believes that decentralized exchanges (DEX) are a safer option than CEXs due to their built-in user protection, self-custodial wallets, permissionless, immutable protocols, and transparent public ledger.

Uniswap Updates Privacy Policy to Include Collection and Storage of User Data

Uniswap recently updated its privacy policy to include collecting and storing user data, a move that received backlash from some community members. The updated policy, dated November 17th, states that the exchange will collect publicly available blockchain data, information about user devices such as browser information and operating systems, as well as information on users' interactions with its service providers. This update comes at a time when several centralized crypto platforms, including FTX, have collapsed.