Is Apple blocking crypto apps? Uniswap responds to challenging mobile wallet launch at ETHDenver 2023

ETHDenver day two kickoff, Uniswap’s (CRYPTO: UNI) Design Lead Khalil Capuozzo announced Uniswap Wallet, the latest offering from a leading decentralized exchange.

QR codes were distributed throughout the venue for early access to Uniswap Labs’ latest products, but no one was sent to download the app from the app store. Instead, users had to download his TestFlight and then his Uniswap Wallet from a lesser-known platform.

Uniswap said on their Twitter account about their issues with Apple: Simply put, Apple (NASDAQ:AAPL) will not green light our launch and we don’t know why. but I am still stuck. ”

Uniswap Wallet is Uniswap Labs’ foray into the mobile wallet sector, a highly competitive industry where Coinbase, Robinhood and Crypto.com have all entered in recent years.

However, Uniswap Labs’ unique positioning as a trusted DeFi brand, coupled with its knowledge of on-chain activity, could offer unique advantages over these incumbents. Capuozzo acknowledged Uniswap’s superiority when asked why the team decided to launch the wallet.

“We had this ambition to build a wallet for years. Uniswap founder Hayden and I have been talking about this since the early days. I always knew I was struggling on the edge of the swapping experience,” he said. “This is the moment our organization gains more knowledge. We are specialists in swap and good at making it the best user experience. Now we are doing the same for wallets. I would like to.”

He continued: We think we are well suited to do this. We have great brands that people know and trust. ”

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circle relationship us dollar coin (CRYPTO: USDC), similar to how Uniswap Labs is related to Uniswap DEX, also creates products in the NFT and wallet space. By offering multiple products, both companies can offer a streamlined user experience in an industry where great user experiences are still scarce.

Benzinga then asked about Uniswap’s governance. Her UNI Token on Uniswap is the Governing His Token of Uniswap, and holders can vote on proposals that determine the future of her Uniswap. Cappouzzo distinguishes that UNI Governance is for his Uniswap protocol and does not encompass his other Uniswap Labs products such as the Uniswap wallet.

“Governance is all about the protocol. The protocol is successful and independent. It runs on-chain and is controlled by UNI token holders. Everything about the protocol is controlled by Uniswap governance. Labs is the protocol and ethereum (Crypto: ETH). It’s the experience, the interface, the kind that pushes things forward. ”

Benzinga asked Capuozzo what industry trends will continue to unfold in 2023. He pointed to a recent Ethereum Improvement Proposal (EIP-4337), Account Abstraction. He also said that the abstraction of accounts will become even more important in the light of bases, optimism and other layer 2 chains. Because these networks offer better accessibility for retail users.

“The account abstraction is huge. I think it’s transformative, but it may take years to get where I expect it to be. Especially the evolution of L2 in EVM networks such as OP and Base.” I think goes hand in hand with the account abstraction that allows for a gasless experience, where users don’t even need to know which chain they’re on,” Capuozzo said.

Finally, he told Benzinga about his partnership with Moonpay, which had not previously been promoted by the team. We were able to provide a smooth transition from fiat currency to DeFi.

“We have partnered with Moonpay and negotiated the cheapest way to onboard fiat to cryptocurrencies from DeFi protocols. It used to take hours to join the chain. , now you can join Moonpay and start using Uniswap and Ethereum in minutes,” said Capuozzo.

Indeed, given its strong user base of 1.5 billion, Apple may hinder blockchain adoption. While this may be in the tech giant’s best interests, blocking users from accessing her DeFi would put users’ finances around the world at risk. At a time when fiat currencies are suffering from the highest rate of inflation in decades, it is imperative to make the crypto economy accessible to all.

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