Uniswap Launches Global Fiat Off-Ramp Service with Multiple Partners


TLDR

  • Uniswap Labs has launched fiat off-ramps enabling direct crypto-to-bank transfers through partnerships with Robinhood, MoonPay, and Transak
  • The service is available in over 180 countries via Uniswap wallet on iOS and Android devices
  • Users can convert ERC-20 tokens like USDC and ETH before withdrawing to bank accounts
  • The launch follows the SEC dropping its case against Uniswap
  • The platform recently introduced Uniswap v4 and Unichain Layer 2 network for improved scalability

Uniswap Labs has launched a new fiat off-ramp feature that allows users to transfer cryptocurrency directly to their bank accounts. The service is integrated with Robinhood, MoonPay, and Transak.

The feature is now available in more than 180 countries. Users can access it through the Uniswap wallet on both iOS and Android platforms.

The new service supports various ERC-20 tokens. Users can convert tokens like USDC and ETH before initiating bank transfers.

Uniswap Labs designed the process to complete within seconds. This marks a departure from traditional crypto-to-bank transfers that often face delays.

The company plans to expand the service to its browser extension. This will make the feature accessible to desktop users as well.

The launch comes after the US Securities and Exchange Commission dropped its case against Uniswap. This development has cleared a regulatory hurdle for the platform.

Each partner brings unique capabilities to the service. Robinhood provides established financial infrastructure, while MoonPay offers specialized crypto payment solutions.

Transak contributes its cross-border payment expertise. This combination ensures broad coverage across different regions.

Recent Platform Developments

The platform recently introduced Uniswap v4. This update includes customizable hooks for developers to create more efficient trading strategies.

Uniswap also launched Unichain, a Layer 2 network. The new network aims to reduce gas fees and improve transaction speeds.

The move aligns with industry trends. Other crypto wallets like MetaMask have also begun offering fiat off-ramp services.

MetaMask recently partnered with Transak. Their integration supports fiat withdrawals across multiple blockchains.

Users can now manage their crypto assets more flexibly. The service removes barriers between cryptocurrency and traditional banking.

The feature is currently limited to mobile wallet users. However, Uniswap Labs confirms plans for broader platform integration.

The service processes withdrawals through local banking networks. This ensures compliance with regional financial regulations.

The implementation includes security measures. Users must complete verification processes before accessing the service.

Withdrawal limits vary by region and provider. Each partner maintains its own set of requirements and restrictions.



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