Uniswap Wallet has introduced off-ramp capabilities through a deepened partnership with Web3 payments provider Transak, enabling users worldwide to convert cryptocurrencies to fiat currencies directly within the app.
Uniswap and Transak Expand Partnership
The integration, announced Feb. 26 and effective Feb. 27, allows users to sell assets like ethereum ( ETH) and stablecoins into local currencies via bank transfers, Visa cards, and region-specific payment methods. Transak’s off-ramp supports transactions across 169 countries, marking an expansion of Uniswap’s goal to streamline decentralized finance (DeFi) accessibility.
This follows the companies’ July 2024 collaboration, which simplified crypto purchases via Apple Pay, Google Pay, and cards within the wallet. “We believe that true DeFi accessibility extends beyond just buying crypto—it includes the ability to cash out seamlessly as well,” said Transak CEO Sami Start, emphasizing the feature’s role in creating a “holistic experience” for users.
The off-ramp eliminates the need for multiple platforms to convert crypto holdings, positioning the Uniswap Wallet as an end-to-end solution for asset management. The announcement shared with Bitcoin.com News says that Transak, which powers fiat infrastructure for over 350 platforms, already facilitated on-ramp services for Uniswap’s 8.3 million users.
The latest upgrade aims to address a key pain point in DeFi adoption by offering exit liquidity alongside entry options. The Uniswap Protocol, the largest decentralized exchange (DEX) platform on Ethereum, has processed $2.75 trillion in lifetime volume. Its wallet’s evolution reflects growing demand for integrated tools that bridge crypto and traditional finance.
Both companies highlighted compliance and localization as priorities, with Transak’s off-ramp supporting 100+ payment methods. The firms disclosed to our newsdesk that the feature is now live globally, excluding jurisdictions with regulatory restrictions.
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