Uniswap Labs has announced a new integration with Transak, bringing off-ramp capabilities to the Uniswap Wallet. This integration allows users to easily convert their crypto assets into fiat currency directly within the app, enhancing the functionality of the Uniswap Wallet as a comprehensive solution for managing digital assets.
With this update, users can now cash out their crypto holdings via bank transfers, Visa cards, and country-specific payment methods across 169 countries. This expansion of off-ramp options provides users with greater flexibility and convenience when it comes to converting their digital assets into traditional currency.
“True DeFi accessibility extends beyond just buying crypto — it includes the ability to cash out seamlessly as well,” said Transak CEO Sami Start. This integration builds upon Uniswap’s previous partnership with Transak, which focused on streamlining crypto purchases using Apple Pay, Google Pay, and bank cards.
Transak has also recently secured Money Transmitter Licenses in Illinois and Missouri, further solidifying its presence in the U.S. market. These licenses allow the Web3 payment provider to operate independently in both states, offering users a secure and compliant platform for buying and selling crypto assets.
The addition of off-ramp capabilities to the Uniswap Wallet aligns with the platform’s mission to make decentralized finance more practical and accessible worldwide. Users can now both buy and sell crypto within the wallet, simplifying the process of managing digital assets and providing a seamless user experience.
MetaMask has also expanded its fiat off-ramp support through a partnership with Transak, allowing users to convert tokens directly into fiat on over 10 blockchains. This eliminates the need to first convert tokens into Ethereum (ETH), reducing inefficiencies and costs associated with multiple conversion steps.
Overall, the integration of Transak’s off-ramp capabilities into the Uniswap Wallet represents a significant step forward in making crypto transactions more convenient and accessible to users worldwide. By providing a seamless way to convert digital assets into fiat currency, Uniswap is empowering users to take full advantage of the benefits of decentralized finance.