Uniswap disclosed on Dec. 20 that the new policy has taken effect.
1/ Go direct to DeFi 🚄
Starting today, you can now purchase crypto on the Uniswap Web App using a credit/debit card or bank transfer at the best rates in web3 thanks to our partnership with @moonpay! 💸https://t.co/YVyk8e6d2h
— Uniswap Labs 🦄 (@Uniswap) December 20, 2022
However, the bank transfer is exclusively available to users only within the United States, Brazil, the United Kingdom, and the Single Euro Payment Area otherwise known as SEPA.
The DEX further explained that the buying and conversion of fiat to cryptocurrency can be done via Ethereum mainnet, Polygon, Optimism, and Artibrum in just a couple of minutes.
It further compared decentralized exchanges (DEX) like Uniswap to centralized exchanges (CEX), stressing that DEX are much safer because it has built-in user protection, self-custodial wallets, permissionless, immutable protocols and transparent public ledger.
Uniswap also reinforced the importance of crypto self-custody, which has been on the increase since the collapse of the FTX cryptocurrency exchange. It maintains that it is the best because there are no centralized intermediaries.
Waves Blockchain on Rescue Mission
Following the depegging of the stablecoin of Waves blockchain platform Neutrino USD (USDN), the founder Sasha Ivanov has announced an alternative solution by introducing new stablecoin.
– I will launch a new stable coin
– There's gonna be a $USDN situation resolution plan set in motion before.
— Sasha.waves (@sasha35625) December 20, 2022
Ivanov asserted that there will be a USDN situation resolution plan, which will be set in motion before the comprehensive roadmaps are unveiled.
He promised users that the new stablecoin will be ‘undepeggable’ even though he didn’t state how it would be achieved.
At the time of writing, one USDN token is worth $0.58 according to data from CoinMarketCap.