Uniswap Labs, the crypto company behind the Uniswap decentralized exchange (DEX), has gained access to the Apple App Store for its wallet app. According to an announcement from the company on Tuesday, the recently released Uniswap Wallet iOS software is now available to customers in the United States and several other countries.

Uniswap’s previous struggles with Apple

The DeFi protocol, currently valued at $3.5 billion, initially unveiled the crypto wallet in early March. At the time, however, Uniswap stated that Apple was delaying its approval and therefore had to be released in a limited capacity. Uniswap explicitly marked in a Twitter thread that Apple balked at greenlighting their debut and “we don’t know why”.

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While talking about the ongoing hurdle with Apple, Uniswap was quoted as saying:

We submitted our mobile app months ago, and while we’re 100% compliant with their specs, we’re still stuck in limbo.

Uniswap finally gets approval

Now that the official listing is available on the App Store, those uncertainties seem to have been dispelled. Uniswap claims that the wallet will allow users to exchange cryptocurrencies not only on Ethereum’s mainnet, but also on Polygon, Arbitrum, and Optimism’s proprietary networks. In addition, users can acquire cryptocurrency, view information about NFTs, store their “favorite” tokens and wallet addresses, and research various cryptocurrencies. In addition, customers have the option to purchase cryptocurrencies with fiat currency after paying a 2.55% transaction fee.

With this, it certainly opens the floodgates for other crypto platforms to launch their iOS wallets in Apple’s own store. Currently, in addition to the Uniswap wallet, the store hosts wallets from Coinbase, Trust, and Metamask, among others.

Minutes after the news, the DeFi community and the larger crypto market reacted positively to the announcement, evidenced by UNI’s price hike. As things stand, the price of Uniswap’s native token is switching hands to $6.20, representing a 5.30% gain in the last 24 hours as opposed to a 0.85% increase over the past seven days was recorded.

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Pratik has been a crypto evangelist since 2016 and has experienced almost everything crypto has to offer. Be it the ICO boom, the bear markets of 2018, Bitcoin’s halving so far – he’s seen it all.

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

This post Apple grants rare approval to Uniswap mobile wallet app

was published first on https://coingape.com/apple-grants-rare-approval-to-defi-protocol-uniswap/


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