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Highlights
- Uniswap's fiat off-ramp lets users convert crypto to cash and withdraw to bank accounts.
- The feature is integrated with Robinhood, MoonPay, and Transak for global access.
- The off-ramp is available in 180+ countries via the Uniswap wallet on iOS and Android.
Uniswap Labs has introduced native fiat off-ramps for its Uniswap wallet, allowing users to transfer cryptocurrency funds directly into their bank accounts. The feature is facilitated through integrations with MoonPay, Robinhood, and Transak. This development will simplify the conversion of digital assets into fiat currency, improving accessibility for users in over 180 countries.
Uniswap Labs Integrates Robinhood, MoonPay for Crypto-to-Bank Transfers
In a recent post on X, Uniswap Labs announced the rollout of its fiat off-ramp feature, enabling users to convert crypto holdings into cash and withdraw funds directly into their bank accounts. This service is integrated with Robinhood, MoonPay, and Transak, providing a streamlined process for users looking to move between crypto and traditional finance.
The new off-ramp is available in over 180 countries, broadening UNI platform’s global reach. The feature is accessible through the Uniswap wallet on both iOS and Android.
More so, there are plans to extend support to the UNI platform browser extension and website. By integrating with multiple fiat on-ramp providers, Uniswap Labs will offer a flexible way for users to manage crypto transfers.
Users can swap supported ERC-20 tokens, including USDC and ETH, before withdrawing their converted funds to bank accounts. According to Uniswap, the process is designed to be completed in seconds, reducing delays commonly associated with crypto-to-bank transfers. The integration with Robinhood, MoonPay, and Transak ensures broad coverage across different regions, increasing accessibility.
This move comes just days after the US SEC dropped its Uniswap case, marking another shift in the regulator’s approach to the crypto industry. The UNI platform stated that the case closure reaffirms its compliance with federal laws and its commitment to a transparency.
Expansion of Features With Unichain
The fiat off-ramp follows the UNI platform recent introduction of Uniswap v4 and Unichain, a Layer 2 network designed to improve scalability. These updates will offer users more efficient trading and transaction capabilities.
Uniswap v4 introduces customizable hooks, which allow developers to create more efficient trading strategies on the platform. Meanwhile, Unichain Layer 2 is expected to reduce gas fees and improve transaction speeds, boosting UNI price with new technologies.
Uniswap Labs move comes as other crypto wallets, such as MetaMask, expand their fiat off-ramp services. MetaMask recently integrated with Transak to support fiat withdrawals across multiple blockchains. This reflects a growing trend among DeFi platforms to bridge the gap between crypto and traditional banking.
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