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Uniswap Launches Mobile Wallet: Seamlessly Swap Tokens & Discover Top Coins On The Go

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Uniswap Labs, the company behind the popular DEX, Uniswap, has revealed that their mobile wallet is currently accessible for download on the iOS App Store in various regions. The news was shared on the company’s official Twitter account with the message “THIS IS NOT A DRILL.”

According to the blog post, the Uniswap mobile wallet is a self-custody, open-sourced app that allows users to seamlessly swap tokens on Mainnet, Polygon, Arbitrum, and Optimism. Users can also discover top tokens by market cap, price charts, volume, favorite tokens, and wallet addresses and connect to any app on Mainnet or L2s with WalletConnect.

In addition, the Uniswap mobile wallet allows users to see NFT details like floor price, owner, and collection description, choose their security method with manual or encrypted iCloud backups, and get notified of any on-chain activity with push notifications. Users can also buy crypto using fiat with fees as low as 2.55%, compared to 5% on other popular wallets.

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Source: Uniswap

Self-Custody Made Easy With Uniswap

The company emphasizes the importance of self-custody in DeFi, stating that a self-custodial wallet is necessary to do just about anything on-chain, including swap tokens, buying NFTs, purchasing crypto, or using apps. This mobile wallet aims to make self-custody simple, safe, and easy to use.

Security is a top priority for the company, so they engaged Trail of Bits to conduct a comprehensive security audit. Additionally, the code for their mobile wallet is open source, allowing users to examine it independently.

According to the company, a Uniswap mobile wallet is a simple process akin to setting up an email account. The wallet has gained regulatory approval in numerous nations around the globe, and the firm intends to expand its reach to additional countries once it receives clearance from Apple.

Users who have been granted early access to TestFlight can proceed to the iOS App Store and obtain the application. The data and wallets that were added to the TestFlight edition will seamlessly transfer over. 

However, Uniswap Labs encourages anyone interested in the mobile wallet to download it today and start trading tokens on the go.

Related Reading | Shapella Hard Fork Goes Live: Ethereum Validators Withdraw $1.6B Worth Of ETH

FTX Pro Download Page Now Unavailable on Apple App Store

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Up until a day ago, FTX was halfway through being acquired by Binance, the biggest exchange in the world. A recent report, however, indicated that Binance was probably going to back away from taking over the troubled business. Sam Bankman-Fried, the founder of FTX, also just deleted a string of tweets that guaranteed the security of all the assets on the exchange. As a result, investors have shied away from FTX.

Now to add to the chaos, it has come to light that the FTX Pro download Page is no longer available on the Apple App Store. However, users, who had already downloaded it can continue to use it normally even though the download page is no longer accessible on Apple’s App Store. The app is still available for download on Google Play. It’s unclear whether the App Store withdrew the app or if Sam Bankman-Friend’s Exchange delisted itself on purpose. That leaves crypto enthusiasts in speculation about the new development.

Sequoia Capital Reduces Its Investment In FTX To $0

The Sequoia Capital team just revealed that they were entirely devaluing their FTX holdings. Sequoia cited the exchange’s “liquidity crunch” and “solvency risk” as justifications for its decision in a letter to investors. The VC company invested over $214 million in the exchange’s worldwide and US companies last year. The VC firm stated,

“In recent days, a liquidity crunch has created solvency risk for FTX. The full nature and extent of this risk is not known at this time. Based on our current understanding, we are marking our investment down to $0.”

The venture capital firm disclosed that it had “minimal” exposure to the cryptocurrency exchange company and that it did not hold a top ten position in the fund. Sequoia said that the fund with the greatest exposure to the company, FTX, accounted for less than 3% of committed capital. According to Sequoia, the fund “remains in good form” and has realised and unrealized gains of around $7.5 billion.

The SCGE Fund, L.P. also transferred $63.5 million from FTX.com and FTX US. The ongoing problem does not directly damage the US entity as a whole, but Sequoia’s writedown highlights its lack of trust.

The firm went on to say that they conducted a “rigorous diligence process” before investing in SBF’s business and that in 2021—the year of their investment—the exchange earned over $1 billion in sales and more than $250M in operating profitability.

Additionally, the corporation promised in the message to investors that it would always conduct “deep research” and “thorough diligence.”

Apple’s NFT Transactions Gain Clarity: App Store Reviews Guidelines

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Recent revisions to Apple’s App Store Review Guidelines have been made public. The same included a section devoted to explaining Non Fungible Tokens, or NFTs.

NFTs are thus permitted to be present in apps on the App Store. They are unable to access any extra features or content, though. The recently announced rules stated,

“Apps may use in-app purchase to sell and sell services related to non-fungible tokens (NFTs), such as minting, listing, and transferring. Apps may allow users to view their own NFTs, provided that NFT ownership does not unlock features or functionality within the app.”

Additionally, developers are not allowed to make “buttons, external links, or other calls to action” that direct users to other platforms in order to purchase NFTs instead of the App Store. The App Store prefers that customers buy things inside of apps.

Additionally, it forbids apps from utilizing tools like “QR codes, cryptocurrencies, and cryptocurrency wallets” that might be used to unlock content or functionality within an app.

A request to exempt NFTs from its “Apple Tax” on purchases was also rejected by the American multinational technology company. This indicates that the usual 30% commission charge on NFT purchases will be in effect.

Social media sites often saw a range of community responses. Tim Sweeney, CEO of Epic Games, noted both extreme viewpoints in a tweet:

It’s important to remember that Magic Eden just deleted its service from the App Store due to its rules and excessive commission. The executive voiced his opinion on the subject, saying Apple should be restrained from “killing” another emerging technology.

Here’s How Apple’s New Update Affects Crypto Exchanges

Along with NFTs, the big-tech firm gave clarity regarding crypto exchange apps. The guidelines stated,

“Apps may facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered only in countries or regions where the app has appropriate licensing and permissions to provide a cryptocurrency exchange.”

However, Apple did not respond to the comments, according to sources.

Apple Store Takes Down Trust Wallet From Its Store

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On March 22, 2022, the Trust Wallet team declared that the iOS version of their app was no longer available and swiftly informed all of its users on all social media platforms that the matter was being rectified.

The notice adds, “On March 21 at 1 pm PST, the Trust Wallet iOS app became inaccessible on the Apple App Store.” “Our staff was notified right away, and we’re trying to remedy the problem as quickly as possible.” We are optimistic that this problem will be fixed quickly.”

The Trust team assured its customers that their funds would not be lost. There’s no need to be concerned because a user’s crypto holdings are held on-chain, with the app serving solely as a portal to one’s assets. The Android version of Trust Wallet is still accessible on the Google Play Store as of this writing.

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Apple Store Takes Down Trust Wallet From Its Store 3

App store scares have a long history

Last June, the Trust team made significant financial concessions to Apple’s changing criteria. Trust disabled the dApp browser functionality for iOS customers due to Apple’s tight stance on third-party payment interfaces.

Customers using iOS could only utilize the dApp browser functionality on the web. Despite concessions to Apple’s regulations, the Trust Wallet app was eventually kicked off.

Several high-profile apps have been removed from the App Store in recent years. Similarly, Apple removed the popular game Fortnite from its app store when it established its own in-app payment mechanism.

Like recent evictions from the App Store, most of the applications concerned, such as Atomic Wallet and Trust, violated Apple’s third-party payment rules.

Last December, an Atomic Wallet spokeswoman claimed, “Apple chose to delete the app because the wallet uses 3rd party for exchange.” “We’re looking into it.” We’ll announce as soon as the app is available again on the App Store.” Atomic Wallet has yet to return to the iOS store as of March 2022.

What should you do if you’re affected?

iOS users may not be able to access the removed applications for a while, user money is still accessible and secure.

This is due to the fact that tokens are stored on the blockchain rather than in the program itself. As long as a user has a recovery phrase and private keys, they have complete control over their assets.

What should you do if the Trust Wallet app on your iOS device is no longer accessible? Transferring your keys to a non-custodial wallet accessible on the App Store is a straightforward approach.

In this situation, a non-custodial wallet is ideal since it does not keep your private keys and offers you complete control over your cash.