Uniswap Labs integrates Transak's off-ramp functionality into your UniSwap wallet.
This integration allows users to convert crypto assets directly into Fiat Currency within the app.
This update will enhance UnisWap Wallet's capabilities and, according to a release shared with crypto.news, it will be a more comprehensive solution for managing your digital assets.
169 countries were supported
The consolidation allows cash out in 169 countries via bank transfers, visa cards and country-specific payment methods.
“True defi accessibility includes not only the ability to purchase crypto but also the ability to seamlessly cash out,” said Sami Start, CEO of Transak.
UNISWAP integrated Transak, which was first integrated in July 2024, streamlining cryptocurrency purchases using Apple Pay, Google Pay and bank cards.
Transak recently secured remittance licenses in Illinois and Missouri, expanding its presence in the US. These licenses allow Web3 payment providers to operate independently in both states.
The latest updates allow users to buy and sell crypto within their wallets, reinforcing Uniswap's mission to make decentralized finance more practical and accessible worldwide.
Metamask recently expanded its Fiat Off Ramp support to over 10 blockchains through its partnership with Transak, allowing users to directly convert tokens to Fiat on certain networks.
Previously, users had to first convert tokens to Ethereum (ETH), which was inefficient and expensive.
