Tech

Uniswap Labs COO says mainstream crypto adoption relies on accessibility and ease – TechCrunch


On the whole web3 The world, companies, protocols and projects alike are driving a billion users to join, what they see as a tipping point for the use of cryptocurrencies to grow exponentially. But that number is only possible – obviously – through increased adoption.

That means the big players in the space have to make improvements regarding the ease and accessibility of non-crypto natives who want to use crypto. Uniswap Labsa company built on top of the Uniswap decentralized protocol, aims to do just that.

While it may seem like “web3” isn’t simply a buzzword, those in the space believe it has a deeper meaning.

“Web3 is revolutionizing fintech and financial infrastructure in one,” Uniswap Labs CEO Mary-Catherine Lader told TechCrunch. “Web3 allows any application, any website, to create value in the digital economy without having to ask for permission or pay for that service.”

Uniswap Labs COO Mary-Catherine Lader

Uniswap Labs COO Mary-Catherine Lader. Image credit: Uniswap Labs

Today, crypto users don’t have to go to a bank or work with a payment company every time they want to make an online transaction because they can link their crypto wallet and pay through an exchange. permissionless decentralized formula like Uniswap. “This has never been possible before,” Lader said.

Uniswap is an open source permissionless protocol that developers can use and embed in their platform so that crypto users can swap tokens, while Uniswap Labs is an enterprise. industry builds products based on this protocol.

Earlier this week, Uniswap Labs launched Swap Widgetallow users on NFT OpenSea marketplace and other web3-based applications to exchange or “swap” cryptocurrencies on the platform without leaving the site.

Widgets like this have already been implemented on Web 2.0 sites like Amazon, where you can easily pay for items at checkout, but with web3 in its infancy, a simple task like checkout would be It is more complex and involves several steps to successfully use cryptocurrency products and services.

“There are too many steps today [to use crypto],” Lader said. “You will be able to join a KNIFE in one click. You will be able to support your favorite NFT artists with just one click. ”

There is a large – and growing – market for one-click web3 use. In December 2021, there are 295 million crypto users globally, up 178% from 106 million at the start of the year, as of January 2022 report by Crypto.com cryptocurrency exchange app. The company reports that it expects the number of global crypto holders to reach 1 billion users by the end of the year.



Source link

news7h

News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button
Immediate Peak