Uniswap Wallet now features integrated off-ramp capabilities through a partnership with Transak.
This enhancement allows users to seamlessly convert their cryptocurrency into fiat currency directly within the wallet application.
The update significantly improves the Uniswap Wallet’s functionality, transforming it into a more versatile tool for managing digital assets.
Supported in 169 Countries
This integration facilitates cashing out through bank transfers, Visa cards, and various country-specific payment methods across 169 nations.
“True DeFi accessibility extends beyond just buying crypto — it includes the ability to cash out seamlessly as well,” said a spokesperson for Transak.
Uniswap initially partnered with Transak in July 2024 to simplify crypto purchases using popular payment methods.
Transak has recently acquired Money Transmitter Licenses in Illinois and Missouri, allowing for expanded operations within the United States and enhancing its service capability in those states.
The latest update lets users buy and sell crypto within the wallet, aligning with Uniswap’s goal of making decentralized finance more practical and accessible to a global audience.
In a parallel development, a leading competitor recently expanded its fiat off-ramp support to encompass over 10 blockchains through a collaboration with Transak, improving the efficiency of token conversions into fiat currency.
Previously, users faced the inefficient and costly process of converting tokens to Ethereum (ETH) before cashing out.
