A video has been released suggesting that Uniswap is in talks with PayPal

A video of a speech by Uniswap's growth manager suggested possible deals underway with major trading and payment platforms, including PayPal (PayPal shares - ticker PYPL), E * Trade and Robinhood.

Uniswap growth leader Ashleigh Schap took the stage at the EthCC conference in Paris last week and a video that has since been deleted reveals what the world's leading decentralized exchange could be planning.

In the video, which previously appeared on YouTube but is still available on IPFS, he said the protocol is in talks with major fintech firms to deliver DeFi to the mainstream.

"Staying relevant with their user base is a huge, huge reason why all of these giants are starting to look closely at working with something like Uniswap,"

We were just talking

Schap said Uniswap is doing a lot to work closely with these consumer finance applications such as PayPal, E * Trade and the "Robinhood of the World," before adding:

"We are looking to put Uniswap and the rest of DeFi right there in those applications that users are already using so that we can bring the dream of open liquidity and 100% availability to the whole world."

Citing the disruptions that major exchanges and centralized platforms have experienced recently, he said these platforms need 100% uptime. "Barring a large asteroid colliding with the surface of planet Earth, Uniswap will continue to function because it is in a chain, it is already deployed and we could not shut it down if we wanted to."

Video deleted 

Uniswap founder Hayden Adams quickly responded to media reports surrounding the leaked video. He confirmed that Uniswap talks to many fintech companies, many of which are interested in understanding DeFi. He added that the video was removed from YouTube because it could suggest the existence of real partnerships.

“We are not partners of companies mentioned in the ETHCC speech. The video was deleted at our request because we thought it could be interpreted to suggest that we have relationships that we don't have ”.

Earlier this month, the community expressed concern over the sale of half a million UNI tokens by a DeFi Education Fund set up by Uniswap governance.

UNI price update

Uniswap's native UNI token lay flat on the day. At press time, UNI was trading below $ 19 according to CoinGecko.

It made gains during the cryptocurrency market rebound this week with 13% added from the same period last week. However, the token has been squeezed by 58% since its May 3 peak of just under $ 45.

The total locked value on the DEX is currently $ 11,35 billion, placing it at the top of the DeFi TVL charts.