Key takeaways
- Uniswap now allows users to purchase crypto using Venmo through MoonPay on its platform.
- The integration leverages Venmo’s 60 million active users, improving access to DeFi.
Share this article
Uniswap Labs has introduced a new way for users to purchase crypto using their Venmo balance through MoonPay on its web platform and Wallet app.
Venmo is now available on Uniswap Web and Wallet
This new on-ramp lets you buy crypto directly from your Venmo balance, powered by @moonpay
We are taking one step closer to putting the world on chain 💫 pic.twitter.com/49ThamOyyD
– Uniswap Labs 🦄 (@Uniswap) October 31, 2024
The integration provides access to Venmo’s 60 million active users, creating a new avenue for users to participate in DeFi on the Uniswap platform.
Earlier this month, MoonPay announcement significant expansion with Venmo, allowing 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, avoiding additional credit card entries and bank transfers.
Users simply open the Uniswap Web or Wallet app, tap “Buy,” select the desired token and amount, then choose MoonPay with Venmo payment option, confirming the transaction on Venmo for quick and accessible entry into the crypto.
By leveraging Venmo’s large user base, Uniswap creates new opportunities for users to self-custody their funds, seamlessly manage their assets, and easily join DeFi.
Share this article
