Partnering with MoonPay will make it easier for both new and existing DeFi users to access ApeSwap and give everyone more control over their resources.
Make crypto purchases easier for users
Decentralized exchange (DEX) ApeSwap has partnered with payment gateway MoonPay to provide a fiat-on-ramp system, making it easier for users to buy crypto directly on ApeSwap and giving them a smoother DeFi experience without leaving the platform to have to.
A new fiat driveway is coming to #ApeSwap in partnership with @moonpay! 🌴
Allow users to:
⚡️ Buy crypto instantly with fiat
🐵 Buy directly on our website
💳 Use a credit or debit card
Get the full details ⤵️https://t.co/2nt5sox70G
— ApeSwap (@ape_swap) July 20, 2022
During the upcoming launch, 24 different cryptocurrencies will be available on ApeSwap via MoonPay. Although it is not yet possible to purchase $BANANA as MoonPay does not support it, users can purchase $BANANA using the ApeSwap DEX with $BNB or $BUSD.
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Credit and debit card transaction fees total 4.5% on purchases, including 1.0% for ApeSwap Treasury to support platform DAOs. Unfortunately Apple Pay, Google Pay and bank transfers via MoonPay are not available at launch. However, ApeSwap aims to offer users more payment options in the future.
All operations to buy crypto with MoonPay on ApeSwap are detailed here.
“Direct access to millions of new users? Join us! ApeSwap + MoonPay allows users to buy dozens of crypto assets directly with fiat. Now users can switch from credit card to DeFi without leaving our interface, making the arguably the biggest barrier to entry will be crypto.” Product manager Obie Dobo told BSC News.
The latest hybrid payment product powered by MoonPay is the result of ApeSwap’s great efforts since the development team planned to launch a “Fiat On-Ramp” focused on making ApeSwap a pivotal development in an ambitious DEX upgrade roadmap to the ultimate to make experience.
Additionally, ApeSwap has been making the BNB chain ecosystem livelier lately, although the general market is still going through a rough patch.
Positive and continuous development steps include proposing a new plan to reduce inflation, partnering with DappRadar to accelerate Sustainable Liquidity Mining (SLM), and announcing Stage 2 DEX upgrade with many other updated features.
What is MoonPay:
MoonPay is a fintech company building the most popular cryptocurrency payment infrastructure of the moment. MoonPay offers users a seamless experience when exchanging between fiat and crypto by offering a variety of payment methods including debit cards, credit cards, and local bank transfers.
What is ApeSwap:
ApeSwap is a leading DEX on BNB Chain that offers users quality trading experiences. ApeSwap is a mix of decentralized exchange, yield farming, staking and an automated market maker (AMM). ApeSwap users can participate in its liquidity pool offerings via yield farming to earn their native BANANA token. These earned tokens can be used to wager and earn other tokens and unlock deluxe features.
Where to find ApeSwap:
Website | Twitter | Medium | telegram
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