Uniswap Wallet adds crypto off-ramping with Transak

Uniswap Labs has integrated Transak’s off-ramp capabilities into the Uniswap Wallet.

This integration allows users to convert their crypto assets into fiat currency directly within the app. 

The update enhances Uniswap Wallet’s functionality, making it a more comprehensive solution for managing digital assets, according to a release shared with crypto.news.

169 countries supported

The integration enables cashing out via bank transfers, Visa cards, and country-specific payment methods across 169 countries.

 “True DeFi accessibility extends beyond just buying crypto — it includes the ability to cash out seamlessly as well,” said Transak CEO Sami Start.

Uniswap first integrated Transak in July 2024 to streamline crypto purchases using Apple Pay, Google Pay, and bank cards.

Transak recently secured Money Transmitter Licenses in Illinois and Missouri, expanding its U.S. presence. These licenses allow the Web3 payment provider to operate independently in both states.

With the latest update, users can now both buy and sell crypto within the wallet, reinforcing Uniswap’s mission to make decentralized finance more practical and accessible worldwide.

MetaMask recently expanded its fiat off-ramp support to over 10 blockchains through a partnership with Transak, allowing users to convert tokens directly into fiat on certain networks. 

Previously, users had to convert tokens into Ethereum (ETH) first, which was inefficient and costly.