Tuesday, February 27, 2024

Uniswap wants to launch mobile wallet, but Apple is delaying its launch.

A new self-custodial mobile wallet that will enable users to swap on layer-1 or layer-2 networks without switching blockchains has been announced by Uniswap Labs.

Users of the wallet will be able to look up price charts and search for any token across numerous networks, including Ethereum, Polygon, Arbitrum, and Optimist, according to Uniswap Labs. Uniswap Labs and Trail of Bits collaborated on the wallet audit to ensure it was as secure as possible. Moreover, Apple’s Secure Enclave will be used to encrypt and keep on devices the seed phrases and private keys of both imported and newly formed wallets; these data are not included in device backups. Users can physically store their seed phrases with a paper copy or encrypt and store them on iCloud, according to Uniswap.

Uniswap Labs’ mobile wallet has encountered challenges with Apple’s App Store despite having its first release approved in October. Even if other self-custody swapping wallets have been accepted, Apple rejected the final build of Uniswap’s mobile wallet just a few days before its anticipated launch in December 2022.

Uniswap Laboratories revealed that it addressed Apple’s worries, addressed all of its inquiries, and reaffirmed that it complied with its rules. Apple hasn’t approved the rollout yet, and Uniswap Labs is still in the dark. As a result, it gives a small number of Testflight users early access while it waits for Apple to approve the launch.

As stated in their announcement, Uniswap

“We don’t know why Apple won’t approve our launch. We are in an impasse.”

According to a Feb. 6 Cointelegraph article, the Uniswap community voted to install Uniswap v3 on the layer-2 protocol of the Boba Network on Ethereum, making the Boba Network the sixth chain to do so. Some organizations supported the action, including GFX Labs, Blockchain at Michigan, Gauntlet, and ConsenSys.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

Most Popular