Best place to purchase UMA at true cost with zero fees and markups
UMA is listed on the Crypto.com App today, 9 February 2021. UMA joins a growing list of 90+ cryptocurrencies and stablecoins on our App, such as Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), as well as Crypto.com Coin (CRO).
UMA builds open-source infrastructure for “priceless” financial contracts on Ethereum, namely Priceless financial contract templates, which can be used to create synthetic tokens Data, and Verification Mechanism (DVM), an optimistic oracle service. Together, these two technologies enable the creation of fast, efficient, and secure synthetic derivatives on the Ethereum blockchain.
With UMA added to the Crypto.com App, users can now purchase it at true cost with no fees. As Crypto.com also offers a Visa Card, this adds additional utility to UMA as users can easily convert cryptocurrencies into fiat currencies and spend at over 60m merchants globally.