"Uniswap has already moved forward, when will other companies."
Decentralized exchange (DEX) company, Uniswap successfully signed an agreement with fintech company Moonpay to allow users to buy cryptocurrencies via debit card, credit card and bank transfer on their web application.
However, it should be noted that bank transfers will only be available in a few countries such as the United States (US), Brazil, the United Kingdom (UK) and the European Central Bank, which is called the Single Euro Payments Area (SEPA).
Explained further by Uniswap, users can also exchange fiat currency for mainnet digital assets Ethereum (ETH), Polygon, Optimism and Artbrum within minutes.
So far, the company will only support Dai, ETH, USD Coin (USDC), Tether (USDT), Wrapped Bitcoin (wBTC) and Wrapped Ether (wETH).
While Uniswap is also of the view that DEX is the best choice compared to centralized exchangers (CEX) due to the protection for users, self-custodial wallet and public ledger.
One of Uniswap's main obstacles is to encourage customers to use decentralized financing (DeFi) following the fact that most individuals are more interested in CEX despite the various risks.
Apart from that, Uniswap intends to establish the lowest processing fees and not charge spread costs on USDC through this reform.
