Uniswap Awaits Apple’s Approval to Launch its Mobile Wallet

Uniswap Labs, the developer of the top decentralized exchange (DEX) on the Ethereum network has introduced a new mobile crypto wallet for iOS users but is now waiting on Apple’s approval for launch.

According to an announcement from the DeFi giant, the mobile wallet is an open-sourced self-custodial wallet that allows seamless swapping of tokens between Ethereum-based networks including Polygon, Arbitrum, and Optimism without having to switch blockchains.

Furthermore, the wallet also allows users to keep track of trading activities in ERC-20 format and monitor trends. The DeFi giant also partnered with Trails of Bits to ensure the security of the wallet. It also has a feature that allows users to store their seed phrases on Apple’s iCloud.

Apple is Yet to Give Approval

The launch was initially scheduled for December after its first build was approved in October. It was later put on hold after Apple refused to green-light the launch and list the app on the company’s App Store.

Meanwhile, Uniswap says it doesn’t understand why Apple is yet to approve its mobile wallet since it has responded to all of Apple’s concerns and answered every question adding that it was 100% compliant with iOS guidelines.  It also noted that Apple has approved other self-custody swapping wallets.

So while it continues to wait on the gatekeeper of the iOS software ecosystem to provide the service to all iOS users, Uniswap Labs said it would release its mobile wallet to 10,000 users via TestFlight – Apple’s trial software platform.

Access codes for the limited release will be shared across its community’s platform over the next two weeks. Additionally, the firm said it’s working on launching the wallet for users on other platforms.

Interestingly Apple’s refusal to give great light on Uniswap’s mobile wallet underscores the firm’s reluctance to integrate some crypto companies into its ecosystem.

The iPhone maker recently blocked holders of Coinbase’s self-custody wallet from using the service on its platform after it updated its guidelines to include a 30% commission on sales of non-fungible tokens that happen on decentralized apps listed on its App store. Former Apple employee and Metamask CEO Dan Finlay has described the “Apple tax” as an abuse of monopoly.