• Uniswap Labs, the protocol development firm behind Uniswap, is launching a crypto wallet app for mobile platforms.
• The wallet provides trading on the DeFi protocol’s swapping routers, as well as display feeds for market cap, price charts, and volume.
• Apple has denied the launch of Uniswap’s wallet citing App Store policy violations and its stance towards crypto-related applications.
Uniswap Crypto Wallet Launch
Uniswap Labs, the protocol development firm behind Uniswap, the crypto industry’s largest decentralized exchange by volume, has disclosed their plans to launch a crypto wallet app for mobile platforms.
Wallet Features
The wallet is currently on an early access release phase, with connections to the Uniswap mainnet, Optimism, Arbitrum, and Polygon. According to Uniswap, the wallet will be able to provide trading on the DeFi protocol’s swapping routers as well as display feeds for market cap, price charts and volume. The wallet also has integrations with WalletConnect for all supported Layer 2 protocols and is open-sourced with all code available for review on its Github repo.
Apple Blocks Launch
Despite these features of Uniswaps mobile wallet it appears that Apple Inc. has blocked its launch on iOS due to violations in App Store Policy Guidelines. Uniswap explains they responded to Apple’s concerns but were still blocked from launching their app regardless. This is not new news however as Apple has historically been notorious to crypto-related applications blocking off NFT purchases due to their Review Guidelines acting out both as a security measure and an attempt to secure its posture as a “Walled Garden” ecosystem for services such Coinbase removing NFT transfers in December 2022 due to this same reasoning..
Impact of Restrictions
These restrictions have had a chilling effect on progress and innovation in crypto yet may be necessary security measures especially when it comes to decentralized finance which is at odds with Apple’s criteria for what constitutes a proper “approved exchange” making it highly possible that if listed in first place then delisted further down the roadmap of this mobile wallet application .
Conclusion
Overall while necessary security measures are put into place they can stall progress or even prevent newer technologies such as those presented by Uniswaps mobile wallets from hitting mainstream audiences that could benefit greatly from such applications if allowed access despite certain risks associated with them .