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Uniswap users can now buy crypto using Venmo via MoonPay

Uniswap users can now buy crypto using Venmo via MoonPay

CryptobriefingCryptobriefing2024/11/01 00:33
By:Cryptobriefing

Key Takeaways

  • Uniswap now allows users to buy crypto using Venmo through MoonPay on its platform.
  • The integration taps into Venmo's 60 million active users, enhancing access to DeFi.

Uniswap Labs has introduced a new way for users to buy crypto using their Venmo balance via MoonPay on its Web platform and Wallet app.

The integration provides access to Venmo’s 60 million active users, creating a new pathway for users to participate in DeFi on Uniswap’s platform.

Earlier this month, MoonPay announced a significant expansion with Venmo, enabling US users to buy and sell crypto assets directly using their Venmo balances, linked bank accounts, and cards.

Now, Uniswap users can fund their wallets on the platform with Venmo via MoonPay, skipping additional credit card entries and bank transfers. 

Users simply open the Uniswap Web or Wallet app, tap “Buy,” select their desired token and amount, then choose MoonPay with the Venmo payment option, confirming the transaction on Venmo for a quick, accessible entry into crypto.

By tapping Venmo’s large user base, Uniswap creates new opportunities for people to self-custody funds, manage assets transparently, and join DeFi with ease.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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