The Uniswap mobile wallet will allow users to exchange funds on other popular DeFi platforms such as Arbiturm, Polygon, and Optimism.
Popular Ethereum-based decentralized exchange (DEX) Uniswap recently launched a mobile wallet app in a move to promote broader adoption of DeFi as well as support on-the-go trading on the platform.
According to the April 13 announcement, the app is currently available for iOS devices in a few select countries and can be found on the Apple app store. Last month, the Uniswap team complained that Apple was blocking the app in its stores. Interestingly, in its new announcement, Uniswap noted that its mobile wallet app is “out of Apple jail and now available in most countries.”
According to Uniswap, the new wallet will allow users to trade tokens on the Polygon, Ethereum, Arbitrum, and Optimism networks. Furthermore, he also noted that his mobile wallet can be connected to any Ethereum app via WalletConnect.
1/ THIS IS NOT A DRILL 🔥🔥🔥
The Uniswap mobile wallet is out of Apple jail and now lives in most countries 🎉✨
Download our open source self-guarding application today! 👇https://t.co/yWxuw79xTY pic.twitter.com/QhK06icKBL
— Uniswap Laboratories 🦄 (@Uniswap) April 13, 2023
Also, users can back up their accounts by typing their seed phrase or even encrypting their key vaults using a password and storing it in iCloud. Additionally, Uniswap will allow users to share detailed information about all non-fungible tokens (NFTs) stored on it. This includes their floor prices as well as the collections.
This is what the Uniswap mobile wallet does
The Uniswap mobile wallet will allow users to purchase digital assets with a competitive 2.55% fiat entry fee. Also, as said, users can trade funds on other popular DeFi platforms like Arbitrum, Polygon, and Optimism.
The Uniswap wallet features an in-app token price along with NFT data allowing users to track their favorite tokens and wallet addresses so they can track the trading activity that matters most to them.
The creators of the mobile wallet believe that these features will encourage users to keep their own digital assets safe with DeFi wallets. DeFi wallets typically have a higher barrier to entry than most centralized modes of purchasing and storing digital assets. Speaking of the development, the exchange noted:
“Too many people get stuck at the starting line. We received thousands of user support tickets from Uniswap web app users confused by self-custody wallets. Therefore, we are proud to offer you a self-custodial wallet that is simple, secure and easy to use.”
The press release states that Apple has currently approved the mobile wallet in seven countries with more countries to follow soon. To make it easier to onboard to Web3, several Web3 developers have been offering mobile wallets with built-in DeFi features. In the last two years, other popular players like MakerDAO and 1inch have created their own mobile wallets.
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Bhushan is a FinTech enthusiast and has a good knack for understanding financial markets. His interest in economics and finance draws his attention to the new emerging markets of Blockchain technology and cryptocurrencies. He is continuously in a learning process and stays motivated by sharing the knowledge he has acquired. In his spare time, he reads thrillers and sometimes explores his culinary skills.
