<a href="https://www.cryptoknowmics.com/news/uniswap-foundation-suggests-changes-to-crypto-dexs-governance">Uniswap</a>, a decentralized exchange, has entered into a <a href="https://uniswap.org/blog/web-fiat-on-ramp" target="_blank" rel="nofollow noopener">collaboration</a> with <a href="https://www.cryptoknowmics.com/news/flamengo-and-moonpay-collaborate-on-long-term-web3-loyalty-program">Moonpay</a>, a fintech business, to enable users to purchase <a href="https://www.cryptoknowmics.com/news/what-is-a-cold-cryptocurrency-wallet">cryptocurrency</a> on its website application using banking transactions, debit cards, and credit cards. The bank transfer option is being made available to customers in the majority of US states, Brazil, the UK, and the Single Euro Payments Area, or SEPA.

https://twitter.com/Uniswap/status/1605251408155906048
<h2>Uniswap and MoonPay Collaboration</h2>
According to the December 20 statement from Uniswap, customers will soon be able to quickly exchange cash for cryptocurrencies on the <a href="https://www.cryptoknowmics.com/news/ethereum-co-founder-suggests-3-massive-prospects-for-crypto-in-2023">Ethereum</a> mainnet, <a href="https://www.cryptoknowmics.com/news/o-g-music-app-winamp-now-supports-polygon-music-nft-and-ethereum">Polygon</a>, <a href="https://www.cryptoknowmics.com/news/opensea-nft-marketplace-adds-optimism-support">Optimism</a>, and Artibrum.

<a href="https://www.cryptoknowmics.com/news/uniswap-foundation-suggests-changes-to-crypto-dexs-governance">Decentralized exchanges (DEX)</a> include built-in user security, self-custodial wallets, permissionless, irreversible protocols, and accountability in public ledgers, according to Uniswap, making them a considerably safer alternative than <a href="https://www.cryptoknowmics.com/news/cz-binance-outlines-six-standards-for-secure-centralized-exchanges">centralized exchanges (CEX)</a>.
<h2>Orientation Program for DeFi</h2>
According to the user's location, at first, Uniswap will offer <a href="https://www.cryptoknowmics.com/news/makerdao-is-voting-to-raise-stablecoin-dais-dividend">Dai</a>, Ether, USD Coin, <a href="https://www.cryptoknowmics.com/news/tether-pledges-to-erase-secured-loans-as-it-rushes-to-prove-solvency">Tether</a>, Wrapped Bitcoin (wBTC), and Wrapped Ether (wETH).

The business acknowledged that despite the dangers involved, customers still prefer CEXs and that the orientation program for <a href="https://www.cryptoknowmics.com/news/coinbase-ceo-regulate-centralized-operators-but-leave-defi-alone">decentralized finance (DeFi)</a> has been a significant barrier to adoption. With its most recent deployment, Uniswap intends to streamline the onboarding procedure due to its zero spread costs on <a href="https://www.cryptoknowmics.com/news/crypto-exchange-coinbase-urges-users-to-change-usdt-to-usdc">USDC</a>, lowest transaction fees in the industry, and fast access.
<h2>Reaction of Uniswap on FTX Failure</h2>
The statement from Uniswap comes after the recent failure of <a href="https://www.cryptoknowmics.com/news/ftxs-bankman-fried-provides-400m-to-former-jane-street-traders">FTX</a>, one of the numerous centralized cryptocurrency systems.

According to the resources, the community reacted negatively to Uniswap's decision to update its privacy statement to include the gathering and retention of user data on November 22 because this goes against many of the fundamental principles of cryptocurrency.

Uniswap and MoonPay Collaborate to Enable Users to Buy Crypto with Fiat

Uniswap has entered into a collaboration with Moonpay to help users purchase crypto on its website application using banking transactions & debit cards.

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Uniswap and MoonPay Collaborate to Enable Users to Buy Crypto with Fiat

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