Uniswap exchange confirmed that its newly developed self-custodial mobile wallet failed to get a green signal from Apple’ app store.
Uniswap is a decentralised crypto exchange which supports ERC-20-supported tokens trades only on Ethereum and other leading layer-2 networks like Binance Smart Chain (BSC) network, Optimism, Arbitrum, and Celo networks. Uniswap is standing at first rank in the Defi crypto sector by trade volume.
On 3 March 2023, The Uniswap team announced the launch of its non-custodial “Uniswap Mobile wallet”. This new wallet is available in the early phase through Apple TestFlight.
Uniswap Mobile wallet will allow the crypto investors to easily swap tokens across different crypto networks and also all the Uniswap Mobile wallet users will hold 100% ownership of their wallet in the form of seed phrases and private keys of both imported and newly created wallets will be encrypted and stored on devices using Apple’s Secure Enclave.
People will be allowed to use the manual backup system to hold encrypted backup keys or paper copies to store on iCloud.
The new wallet will also allow its users to Track ERC20s, NFTs, & favourite wallets with real-time price & token price history charts.
Further, the Uniswap team noted that they are failing to understand why they are not getting approval to launch this latest wallet app, despite being under the full policies of Apple’s app store.
Earlier this, in Q3 2022, Apple apps Store team introduced a new policy for the upcoming new NFTs trade apps on its store and strictly ordered to pay a 30% commission on all the NFTs trade transactions & also ordered not to provide any NFTs linked redemption system. These things are clearly showing that giant smartphone manufacturer Apple Inc is showing some kind of monopoly via its isolated ecosystem.
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