The tech giant, Apple, is reportedly delaying the launch of Uniswap Labs’ crypto wallet app. Specifically, the company behind the largest decentralized exchange on the Ethereum network said that Apple has not yet authorized the issuance for unexplained reasons.
Speaking to Coindesk, a Uniswap Labs spokesperson said that Apple has not yet provided an explanation for the lack of approval. “We have responded to their concerns, answered every question, and reiterated that we are 100 percent compliant with their specifications,” they told the publication.
Uniswap Labs is unable to launch the crypto wallet app
After the news that the company had banned an email app featuring ChatGPT technology, Apple is back at it again. This time, they are inexplicably delaying the release of an app from one of the biggest names in decentralized finance.
It has been reported that Apple is counting on launching crypto-wallet apps for Uniswap Labs. Moreover, the company has not yet provided the exchange with exact reasons behind the delay. According to a spokesperson, they remained in compliance despite the uncertainty.
“Apple will not yet greenlight our launch and we don’t know why — we’ve responded to their concerns, answered every question, and reiterated that we’re 100% committed to their specifications,” they told Coindesk.
Instead, the report notes that Apple has remained a “tight gatekeeper in regulating the crypto worlds’ access to iOS, its mobile software ecosystem.” Additionally, with regularity concerns across the digital asset sector, and Apple’s “certified exchange” standards, it is unlikely that the DEX platform will ever receive the green light to launch a mobile app.
The planned mobile app was a self-guarding crypto wallet, allowing users to have full ownership. Moreover, it will offer the ability to trade tokens using Uniswap, which already supports a 24-hour volume of over $1.2 billion. Conversely, Unisap Labs Desing Team Lead Calel Capuzzo said Apple is working with a “rulebook that no one can read,” which makes the process increasingly difficult.
