Blockzeit
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
Buy Crypto
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
Blockzeit
No Result
View All Result
Home Business
Screen Shot 2021 08 05 at 3.31.33 PM

Screen Shot 2021 08 05 at 3.31.33 PM

Is Uniswap In Talks With PayPal And Robinhood?

Aaron Moses by Aaron Moses
August 5, 2021
in Business
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

The biggest crypto DEX in the world, Uniswap, might be looking to reach a more mainstream user base according to a deleted video on Youtube at the EthCC convention in Paris at the end of July.

Growth Lead at Uniswap Labs, Ashleigh Schap, spoke at EthCCC last week and said:

“We’re doing a lot of work actually to work closely with consumer finance applications.”

She then gave examples of these consumer finance services mentioning PayPal and Robinhood. She then said:

“We’re trying to put Uniswap and the rest of DeFi right there in those applications. The users are already using so we can bring the dream of open 100% up-time liqudity to the whole world.”

So, she didnt mention any details specifically about a partnership with any of these companies. However, she made clear that Uniswap wants to reach the consumers of PayPal. And the video was subsequently taken off of Youtube. So, now there’s a lot of publicity around the subject. But it’s unlikely that there is a serious discussion yet between Uniswap and these companies as the founder of Uniswap, Hayden Adams, said Uniswap requested the original video be deleted because it was misleading. He said:

“We thought [it] could be interpreted to suggest we have relationships that we don’t.”

Even though that’s the case, it is still interesting to examine the possibilities of Uniswap expanding to conventional consumer finance. So, that’s what we’re going to discuss here.

Will DeFi merge with traditional finance?

Uniswap mentioned that there will be procedures needed to be understaken in working with traditional consumer finance applications like PayPal. These large companies will insist that their customers are properly surveyed and KYC’d (Know Your Customer). Users of DeFi exchanges like Uniswap do not need to be KYC’d. All anyone needs is a MetaMask wallet and they’re free to trade without restrictions. If one thinks about it, this is an upside for DeFi because it makes users to the network more accessible which brings liqudity to the market.

Ashleigh mentioned that now well-known traditional consumer finance companies are easier to pitch to because they can see the value in DeFi. The DeFi space has exploded in the last three years and it’s no longer a secret. Goldmen Sachs is saying that Ethereum will out pace Bitcoin. But the answer to the question everyone wants to know is how DeFi will merge with traditional consumer finance?

Uniswap’s liquidity solutions could help traditional finance

For example, conventional exchanges struggle with liqudity and therefore pay a lot of money to market makers to keep liqudity in the exchange. When Uniswap was invented, it introduced a revolutionary concept. This is known as automated market makers. Instead of requiring a market of buyers and sellers to bring liquidity to Uniswap like traditonal makets, Uniswap employs AMMs which act permissionlessly to facilitate trades from liquidity provided by liquidity pools.

Liquidity pools are a reserve of tokens which are always on hand to ensure transactions on Uniswap can happen. On DEXs any token holder can join a liquidity pool permissionlessly. Will traditional consumer finance applications like PayPal requrie liquidity providers to be KYC’d? It’s likely.

Final thoughts

It appears that in order for DeFi to become more accessible to users of mainstream consumer finance, they will have to sacrifice a form of decentralization. However, hopefully there is always a sector of DeFi that is unrestriced.

Aaron Moses
Aaron Moses

Aaron is passionate about blockchain and has been an investor in cryptocurrencies for the past years. He enjoys engaging with other people in the cryptocurrency community online, particularly on Telegram, and learning from experts.

Previous Post

Animoca Brings Digital Property Rights To Gamers

Next Post

The NFT Trend Continues

Related Posts

Binance x Mastercard

Binance & Mastercard To Launch Crypto Card In Brazil

by Rickie Sebastian Sanchez
February 1, 2023
0

Launching in Brazil, the Binance debit card is another step towards widespread adoption of cryptocurrencies. The cryptocurrency industry's leading exchange,...

DekaBank

DekaBank Will Offer Crypto-Related Products & Services

by Rickie Sebastian Sanchez
February 1, 2023
0

DekaBank oversees assets worth a total of 360 billion euros and is collaborating with METACO to offer crypto-based solutions to its...

Elon Musk x McDonald's

Elon Musk Will Gladly Eat A Happy Meal On TV If McDonald’s Integrates Dogecoin

by Rickie Sebastian Sanchez
January 31, 2023
0

Elon Musk has not closed the door on the possibility of accepting the invitation to eat a Happy Meal for...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends
  • Uncategorized

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

Start making money with crypto.

Buy Here
No Result
View All Result
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.