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(Kitco News) – Uniswap Labs, the company behind the development of the leading decentralized exchange (DEX) in the crypto industry, has announced the launch of the Uniswap wallet, an open-source, self-serving mobile app that is currently available as a limited edition Pre-release via Apple TestFlight.
With the new wallet, users can exchange tokens and switch seamlessly between the Ethereum, Polygon Network, Arbitrum and Optimism networks, track their ERC-20 and non-fungible tokens (NFTs), and monitor any Ethereum wallet address. It also enables connection to any decentralized application (dapp) operating on the mainnet or layer 2 network via Wallet Connect.
Advanced features allow users to use Web3 apps operating simultaneously on different networks and allow users to back up their seed phrase to iCould manually or encrypted.
Unfortunately for Uniswap, Apple is not entirely happy with the new wallet, which is the reason for the limited release by Apple TestFlight.
“So why a limited early release from a team committed to making it accessible to everyone?” Uniswap tweeted. “Put simply, Apple isn’t greenlighting our launch and we don’t know why. We submitted our mobile app months ago – and while we’re 100% compliant with their specs, we’re still in limbo.”
Uniswap detailed the situation in a post explaining how to get early access to the wallet launch, saying that Apple approved the wallet’s “initial build” in October, but the final build “just a few days before ours December launch” declined.
While the wallet is in line with Apple’s guidelines, it still needs approval, which is why Uniswap opted to open early access to “a few thousand test flight users.”
“That means it’s functionally the same, safe to use, and upgradable to the App Store version after Apple approves it,” the DEX wrote. “We like Apple products – that’s why we developed our wallet for iOS. But this experience reminded us why we came to develop open, accessible technology in the first place.”
Early access codes will be distributed to those chosen for the program via community channels over the next two weeks, with attendees at the ongoing ETHDenver conference getting first access.
This is just Apple’s latest instance of imposing restrictions on cryptocurrency applications available on its app store.
In October, the company updated its app store policies to include a 30% commission on all non-fungible token (NFT) sales that occur on app store-listed dapps and limited the ability of such apps to allow users to do so Make purchases using alternative payment methods.
Coinbase, the leading US-based crypto exchange, also struggled with Apple’s App Store policy, announcing in December that the tech company was blocking the ability for Coinbase Wallet iOS users to send NFTs, while Coinbase was not would allow his app to update iteration until the feature was disabled.
According to Coinbase, Apple wanted the 30% commission rate to also be applied to the cost of completing the transaction, known as the gas fee, which the exchange has pointed out “clearly not possible” due to how NFTs and blockchains work.
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