Uniswap Labs, the developer behind the decentralized exchange Uniswap, has announced the launch of its new mobile wallet, UNI Wallet. However, the company has revealed that Apple has rejected its request to list the wallet on its App Store.
The UNI Wallet is designed to provide users with a more seamless and user-friendly experience when trading on Uniswap’s decentralized exchange. The wallet integrates with Uniswap’s trading platform, enabling users to easily access their funds and execute trades directly from the wallet.
Uniswap waits for Apple’s green light
Despite the launch of the new wallet, Uniswap Labs has hit a roadblock in its plans for an iOS app launch. According to the company, Apple won’t green-light our launch and it doesn’t know why. “We are stuck in limbo,” the company said.
Apple has rejected the UNI Wallet app on the grounds that it facilitates the transmission of cryptocurrencies. Apple has long been known for its strict policies regarding cryptocurrency-related apps on its App Store, and this latest decision appears to be in line with that stance.
Uniswap Labs has stated that it is working to address Apple’s concerns and hopes to have the UNI Wallet app approved for the App Store in the future. In the meantime, the company has made the wallet available for Android users through the Google Play Store.
Uniswap is one of the largest decentralized exchanges in the cryptocurrency market, and its UNI token is currently ranked in the top 20 cryptocurrencies by market capitalization. The launch of the UNI Wallet is expected to further strengthen Uniswap’s position in the market by providing users with a more convenient way to trade on the platform.
Overall, while the rejection from Apple is a setback for Uniswap Labs, the launch of this product represents a significant step forward for the decentralized exchange and its users.