Apple has accepted the entry of Uniswap into its Appstore. Users of iPhone and other Apple products such as MacBook can now access and use Uniswap directly from the Appstore.
Uniswap is a decentralized exchange protocol built on the Ethereum blockchain. It enables the exchange of ERC-20 tokens without the need for a central party or order book.
Instead of using an order book, Uniswap uses an automated market maker (AMM) mechanism that determines the price of a token based on the supply and demand of that token in a liquidity pool. Liquidity providers can add their tokens to a pool and earn a share of the trading fees generated by that pool.
Uniswap’s key feature is its ability to provide liquidity for any ERC-20 token, regardless of its trading volume. This has helped to make the trading of smaller or less popular tokens more accessible and efficient.
Uniswap’s governance is managed through the UNI token, which is used to vote on proposals related to the protocol’s development, such as changes to fee structures or the addition of new features.
Apple against crypto
Apple, the multinational technology company, has not shown a significant interest in the cryptocurrency market beyond allowing cryptocurrency-related apps on its app store.
In 2014, Apple updated its App Store Review Guidelines to allow approved virtual currency apps, including those that facilitate the exchange or storage of cryptocurrencies, as long as they comply with local laws. However, Apple has also removed apps from the App Store that have violated its policies, such as apps that engage in fraudulent activity or deceive users.
In 2019, Apple released a credit card in partnership with Goldman Sachs, which does not allow the purchase of cryptocurrencies or crypto-related products.
Although Apple has not directly entered the cryptocurrency market, it has expressed interest in blockchain technology. In 2019, Apple joined the Blockchain for Europe Association, a group dedicated to promoting the use of blockchain technology in Europe. Apple has also filed patents related to blockchain technology, including a patent for a “tamper-evident” blockchain system in 2019.
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