Uniswap Is Now Available On App Store

Key Points:

• Uniswap Labs has released a mobile wallet application to encourage further DeFi wallet use and to enable on-the-go trading.
• The mobile wallet would enable users to purchase crypto for as little as 2.55% in fees.
• Users may exchange money on well-known DeFi platforms such as Polygon, Arbitrum, and Optimism.

The crypto company behind the DeFi trading platform Uniswap, Uniswap Labs, has landed a position in Apple’s App Store for its Wallet app.

According to the announcement, the Uniswap mobile wallet will enable users to purchase cryptocurrencies for a 2.55% fee, which is less than half of what other rival DeFi protocols fee.

The Wallet iOS app is now available for customers in the United States and a few other countries, the business said on Tuesday.

Users may exchange money on well-known DeFi platforms such as Polygon, Arbitrum, and Optimism. The wallet includes in-app token price and NFT statistics, as well as the ability for users to favorite tokens and wallet addresses in order to follow the trading activity that is most important to them.

The app’s makers believe that these features would encourage users to keep their own cryptocurrency in DeFi wallets, which have a greater barrier to entry than more centralized methods of purchasing and keeping cryptocurrencies.

Earlier, Uniswap released a crypto wallet app for mobile. Since the software had not yet been authorized by Apple, only 10,000 people could access it through TestFlight at the moment.

The wallet is currently only available for iOS, with no Android version.

The app is presently accessible to users in the United States, the United Kingdom, and France, but it is unclear if Apple will authorize Uniswap’s app for usage in other nations. Uniswap Labs has also made the app’s code publicly available on GitHub.

Its mobile wallet will have to compete for user attention with the likes of MetaMask, Coinbase Wallet, and Robinhood’s wallet software, to name a few.

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Harold

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