ALBAWABA- In a week of crypto milestones, Uniswap Labs launched an Android mobile wallet, Disney partnered with Dapper Labs for an NFT platform, and the Monetary Authority of Singapore initiated a live pilot for a CBDC, amplifying the industry's ongoing evolution, so let's dive in!
Uniswap Labs Launches Android Wallet App with Built-in Swap Function
Uniswap Labs has introduced a mobile wallet app for Android, now available on the Google Play Store. The app streamlines decentralized exchange swaps directly within the application, eliminating the need for a separate web browser extension. Callil Capuozzo, Uniswap Labs' vice president of design, revealed that the app supports multiple languages, including English, Spanish, Japanese, Portuguese, French, and Chinese (both traditional and simplified). Additionally, users can now view the value of their cryptocurrencies in their local currency. The iOS version of the app was released in April.
Disney Partners with Dapper Labs to Launch NFT Platform
Disney has collaborated with blockchain firm Dapper Labs to introduce a non-fungible token (NFT) platform called Disney Pinnacle.
The platform will tokenize iconic cartoon characters spanning a century, including those from Pixar and the Star Wars galaxy. These digital collectibles will be styled as unique and tradable digital pins. The NFT platform is set to launch in 2023, accessible on iOS, Android, and the web.
Singapore Central Bank Trials Live Wholesale CBDC for Settlements
The Monetary Authority of Singapore (MAS) has unveiled a pilot program for a live central bank digital currency (CBDC) based on the Singapore dollar. The initiative aims to have local banks utilize the CBDC for settlements. MAS managing director Ravi Menon announced the "live" issuance of wholesale CBDCs to facilitate instantaneous payments across commercial banks. The central bank plans to partner with Singaporean banks for testing the use of CBDC as a settlement asset for domestic payments. The wholesale CBDC will be employed primarily by central and commercial banks for settling payments. The MAS has expanded its financial infrastructure test program, Project Guardian, with five additional industry pilots, now boasting 17 members, including major financial institutions like BNY Mellon, HSBC, and Citigroup. In collaboration with the New York Federal Reserve, MAS published the results of a six-year-long trial program called Project Ubin, indicating the potential efficiency and cost-effectiveness of CBDCs in cross-border payments.
