To add to the theories...
I believe the tech is ready but there are legal hurdles to this project that are being confronted. And this could take months or years, or may prove insurmountable. Shadowcash, which this wallet's code is based on, rebranded and refocused their target market for this reason.
I'm struggling with the legal hurdles you are trying to say need to be confronted.
There is even some VHS case in America that makes Bittorrent legal.