Swiss-regulated blockchain bank Fiat24 issued a temperature check on the Uniswap DAO to approve a branded Visa card, though governance delegates have trademark concerns. Fiat24, which runs atop Ethereum L2 network Arbitrium, would issue a Visa card featuring Uniswap’s logo if the decentralized autonomous organization (DAO) governing crypto’s largest on-chain exchange or DEX approves its proposal. Fiat24 hopes to tap the world’s $7.5 trillion daily forex trading volume using automated smart contract banking. The protocol relies on Uniswap’s liquidity pool to facilitate transactions. Next, Fiat24 swaps ETH for Circle’s stablecoin USDC on Uniswap.
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