Uniswap Labs has integrated Transak’s off-ramp capabilities into the Uniswap Wallet.
This new integration allows users to directly convert their cryptocurrency assets into fiat currency within the app.
As per a statement shared with crypto.news, this update significantly upgrades the functionality of Uniswap Wallet, evolving it into a more comprehensive tool for managing digital assets.
Support Across 169 Countries
This integration facilitates cashing out through bank transfers, Visa cards, and other payment methods tailored to individual countries in 169 different nations.
“True DeFi accessibility involves more than just buying crypto — it includes the seamless ability to cash out as well,” remarked Transak CEO Sami Start.
Uniswap first integrated Transak in July 2024 to enable crypto purchases using Apple Pay, Google Pay, and bank cards.
Recently, Transak obtained Money Transmitter Licenses in Illinois and Missouri, enhancing its footprint in the U.S. and allowing the Web3 payment provider to operate independently in those states.
This latest improvement enables users to buy and sell crypto right within the wallet, aligning with Uniswap’s goal to make decentralized finance more practical and accessible on a global scale.
In a similar vein, MetaMask has expanded its fiat off-ramp features to over 10 blockchains through a partnership with Transak, allowing users to convert tokens directly into fiat on select networks.
Previously, users needed to first convert their tokens to Ethereum (ETH), which was both inefficient and costly.
