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Uniswap launches Android wallet beta for Google Play

Uniswap launched a beta version of its wallet app for Android, paving the way for a Google Play Store launch once testing is complete.

Decentralized crypto exchange Uniswap launched a closed beta Android version of its mobile app on October 12, according to a blog post from the app’s development team. Uniswap has previously only been available on PC and iOS mobile devices.

Uniswap is the world’s largest decentralized crypto exchange by cumulative volume, having processed over $1.7 trillion worth of trades since its inception, according to data from DeFi Llama. Most of its trades have been done via a web-based application. However, the team launched a mobile app for iOS on April 13. Prior to this date, the team had complained that Apple was holding up the app’s launch in the Apple App Store. Even after getting the green light from the App Store, Uniswap still did not have a dedicated app for Android devices.

According to the Oct. 12 announcement, the new Android beta app allows users to select coins on different chains without switching networks. It automatically detects which network a coin is on and switches to that network without the user prompting it to. It can be used on Polygon, Arbitrum, Optimism, Base and BNBChain currently, with more chain compatibility slated for the future.

The wallet also routes Ethereum transactions through a private pool in order to help avoid front-running and sandwich attacks, although this feature can be turned off if the user prefers. In addition, it automatically detects most coins that have built-in transfer fees. These fees are displayed in the interface, making the user aware of them.

Related: Google Assistant will soon incorporate Bard AI chat service

The announcement linked to a signup for an email waitlist, which it stated will be used to roll out copies of the app to early adopters. The team also plans to release the app’s open-source code in the coming weeks, as part of its security audit with Trail of Bits.

Uniswap is not the only decentralized exchange to offer a mobile wallet. In 2021, 1Inch launched a mobile wallet for iOS, and an Android version of it was published in October.

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Binance US finally rolls out mobile payments service to US customers

Binance’s US arm has rolled out a feature for US customers called "Pay" which was launched by its global parent to users outside the US in 2021.

United States crypto exchange Binance US has finally rolled out its Binance Pay service — some 22 months after the feature was launched by the global exchange to its customers outside the U.S. in 2021.

The service, which had a beta version rolled out globally in Feb. 2021 for peer-to-peer payments which was expanded to include merchant transactions on Mar. 12, allows mobile users of the Binance app to instantly transact nearly 150 supported cryptocurrencies without fees.

A Dec.13 blog post from Binance US clarifies that Pay transactions will feature zero gas or transaction fees, and notes that the app is currently only available on mobile as it prepares to introduce a web version “which will arrive in the near future.”

Meanwhile, amid the recent FUD against Binance global, Binance CEO Changpeng Zhao (CZ) applauded the Binance American unit, saying to “Keep building!”

To access the new features, Binance.US users would need to update to the latest version of the app, and go through identity verification as well as loading their Pay wallet.

However, the service only facilitates transactions between users on the Binance US mobile app. Users can receive up to $1 million in crypto every 24 hours.

Related: Crypto community members discuss bank run on Binance

The latest announcement has come amid a turbulent period for the global crypto exchange.

At the time of writing Binance’s Bitcoin (BTC) balance has fallen by over 42,000 in the last 24 hours, equating to over $754 million, but despite the withdrawals the exchange still has a Bitcoin balance in excess of 527,304 BTC according to on-chain monitoring resource Coinglass.

The withdrawals are understood to have followed a Dec. 13 Reuters report which suggested the United States Department of Justice is nearing the end of an investigation into Binance which commenced in 2018, with U.S. prosecutors reportedly split over whether there is enough evidence to press criminal charges against the exchange and its executives.

Additionally, there have also been fresh concerns within the crypto community relating to Binance’s finances, with accounting and financial specialists consulted by the Wall Street Journal in a Dec. 10 report suggesting Binance’s proof of reserves raise a number of red flags while community members fear the worst.

In a Dec. 14 update on Twitter, CZ noted that “Things seem to have stabilized,” adding that the withdrawals yesterday weren't even within the top five withdrawals they’ve processed in its history.

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