One of the things that investors consider when investing in decentralized finance (DeFi) is the amount of time and effort they put in when investing their money. Now, everything just got easier. 

Uniswap, the largest decentralized exchange by trading volume, has announced that users can now purchase crypto through their platform using credit cards, debit cards, or bank transfers. This was after they collaborated with MoonPay to bridge DeFi and conventional currencies. This integration is designed to resolve the peer-to-peer blockchain protocols that don’t support fiat pairs. 

It has been a challenge for DeFi in getting funds as most fiat onramps only exist through centralized exchanges which require extensive KYC/AML checks and will mostly lock funds from being withdrawn.

On the other hand, Uniswap also adds the ability to exchange for USD Coin (USDC) at no spread fees and the lowest processing fees in the market along with easy access to funds. 

MoonPay will stand as the back-end of this arrangement that would allow users in more than 160 countries to purchase crypto via credit, debit, and bank transfers. Users will need to agree to MoonPay’s KYC/AML policy in order to purchase using fiat through the platform. MoonPay guarantees that it won’t share customer data with Uniswap Labs.

Meanwhile, the terms and the rollout date haven’t been disclosed.