Uniswap, the largest decentralized cryptocurrency exchange, announced the arrival of its wallet, called Uniswap Wallet, last Friday (3). However, the app has not been approved by Apple to enter the App Store.
Using a clown emoji, the team commented on their social networks that they don’t know the reason for Apple’s position, pointing out that the app fits the giant’s policies.
“Simply put, Apple won’t greenlight our launch and we don’t know why. We submitted our application months ago and although we are 100% compliant with the specifications, we are still stuck in limbo.”
7/ So why a limited early release from a team committed to access for all? Simply put, Apple isn’t green-lighting 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 stuck in limbo🤡 pic.twitter.com/oAr90NrkPd
— Uniswap Labs 🦄 (@Uniswap) March 3, 2023
However, the case does not seem personal. After all, former App Store executive Phillip Shoemaker once claimed that Apple thought cryptocurrencies were a Ponzi scheme. Later, late last year, Coinbase Wallet users were banned by the giant from trading their assets.
Without Apple’s approval, Uniswap is launching a trial version of its wallet
While waiting for approval from the company led by Tim Cook, which also invests in cryptocurrencies, Uniswap decided to launch a test version of its wallet. Uniswap Wallet is available to 10,000 people and has some cool features.
Among them are the ability to trade tokens directly from the wallet, compatibility with various cryptocurrencies, and the ability to backup your private keys to iCloud. Finally, the team points out that the app is 100% open source.
“Uniswap mobile wallet is the best way to manage your wallet for Ethereum, Polygon, Arbitrum and Optimism.”
As the largest decentralized exchange by trading volume, it is clear that Uniswap already has a large user base waiting for its new product. Despite the news, the UNI token is at an all-time low this week, mainly due to Bitcoin’s sudden drop last Thursday (2).
Apple is blocking crypto projects again
As for Apple, this isn’t the first time the giant has been criticized by the cryptocurrency industry. For example, at the end of 2022, the entire community revolted against the company’s position, which wanted to charge a 30% commission on all cryptocurrency transfers.
Among those who complained about what happened were well-known players in the industry, such as MetaMask and Coinbase, whose wallets had been blocked from the App Store.
On the other hand, while Apple is banning big names from entering the industry, investors have already sued the company after losing cryptocurrencies due to downloading a fake wallet found on the App Store. Therefore, the clown emoji used by the Uniswap team reflects Apple policy well.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
