ApeSwap Adds MoonPay for Improved Fiat Onboarding

Simplify Crypto Purchases for Users

Decentralized Exchange (DEX) ApeSwap has partnered with payment gateway MoonPay to provide a fiat on-ramp system to make it easy for users to buy crypto right on ApeSwap, giving them a smoother DeFi experience without leaving off the platform.

A new fiat on-ramp is coming to #ApeSwap in partnership with @moonpay! ?

Allowing users to:
⚡️ Instantly purchase crypto with fiat
? Purchase directly on our site
? 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 through MoonPay on ApeSwap. Although it is impossible to buy $BANANA yet because MoonPay does not support it, users can acquire $BANANA by using the ApeSwap DEX with $BNB or $BUSD.

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Transaction fees for credit and debit cards will be applied for a total of 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 still unavailable at launch. However, ApeSwap is committed to providing more payment options to users in the future.

All operations to buy crypto with MoonPay on ApeSwap are detailed here.

«Direct access to millions of new users? Sign us up! ApeSwap + MoonPay enables users to purchase dozens of crypto assets directly with fiat. Now users can go from Credit Card to DeFi without leaving our UI, removing arguably the largest barrier to entry in crypto.» Product Lead Obie Dobo told BSC News.

The latest hybrid payment product with MoonPay results from ApeSwap’s great effort since the development team planned to launch a»Fiat On-Ramp», focusing on making ApeSwap the ultimate experience as critical developments in an ambitious DEX upgrade roadmap.

In addition, ApeSwap is also making the BNB Chain ecosystem more vibrant recently despite the general market being still in a difficult period. 

Positive and continuous development moves 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.

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