Uniswap, a decentralized finance (DeFi) exchange, has launched a mobile wallet that aims to encourage users to buy and trade crypto, as well as purchase NFTs.
According to the company, this effort intends to relieve users of constant headaches about self-custody wallets.
“Self-custody is a core tenet of DeFi and ensures your crypto can’t be misused by a centralized party. So, we’re proud to bring you a self-custodial wallet that is simple, safe, and easy to use,” the company noted in its blog.
Via the wallet, users are able to trade tokens, switch between Mainnet, Polygon, Arbitrum, and Optimism, as well as have the ability to favorite tokens and wallet addresses to keep track of any ongoing trends or activities that are happening.
The mobile wallet also gives users the ability to back up their seed phrase on iCloud—or manually—and get notified when transactions are complete through the app’s push notifications.
Early Access, but Still a Work in Progress
Currently, Uniswap is offering users a chance to get early access to the app. But those looking to access it via Apple’s App Store may need to wait a bit longer.
“Apple approved our first build in October but rejected the final build just a few days before our December launch. Since then, we’ve responded to their concerns, answered every question, and reiterated that we are 100% compliant with their guidelines. Other self-custody swapping wallets have been approved, but Apple won’t green-light our launch and we don’t know why. We are stuck in limbo,” Uniswap noted in its blog.
The company also noted that it’s continually working on new developments as it continues to streamline the app and continue to get feedback from its “thousands of Testflight users.”
Mobile Wallet Adoption
Rolling out a mobile wallet to streamline the process is a good next step for Uniswap—not just in eliminating any possible confusion users may come across when buying and trading crypto—but in also giving them access at their fingertips.
As with anything crypto-related, there are hurdles to overcome—including recent ones the company faced with Apple. But, regulation and compliance is necessary—and will continue to be top-of-mind with any potential reiterations Uniswap may have of its new mobile wallet.