Uniswap Labs introduced the local Fiat transformation feature that will enable users to directly transfer crypto assets to their banks. This innovation is supported by Moonpay, Robinhood and transition integrations. Thanks to the new feature, it is facilitated to convert crypto assets to the traditional currency and offers access in more than 180 countries.
Uniswap and new feature
The company announced in his sharing through the social media platform X and that crypto balances can be converted into cash and transferred to bank accounts. It is stated that the process is designed to provide ease of use, while it is aimed to complete the operations in a short time.
The new feature can be used in iOS and Android applications via the UNISWAP wallet. The company plans to integrate this service into the browser extension and website in the future. Thus, it is aimed to increase the global access and number of users of the platform.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
Users will be able to exchange their supported ERC-20 tokens, such as USDC and ETH, and withdraw money to bank accounts.
“It is aimed to complete the transactions within seconds.” -Uniswap labs
This statement underlines the details that will ensure that the transfer process is quick and effective.
Technological Updates
Fiat transfer feature, Uniswap V4 and Unichain updates after the agenda came up. Uniswap V4 includes customizable configurations for developers to create more efficient strategies. Unichain offers a Layer 2 solution to improve the transaction fees and improve scalability by increasing the transaction speed.
In addition, recently abandoning the relevant case of the US Securities and Stock Exchange Commission can support the compliance of the company to legal regulations. Other crypto wallet applications that provide similar services in the market expand their integrations to facilitate transfer processes.
In summary, with this innovation, users will be able to turn their digital assets in cash in a faster and practical way. Developed technology and increasing integrations aim to increase the efficiency of transactions. This will both improve the user experience and support the competitiveness of the platform in the global sphere.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
