As it has been reported, today, on May 11, the world’s third-biggest handset maker Huawei starts offering Chinese users an access to a Bitcoin wallet via their native AppGallery. It means that smartphones users will have a chance to download Bitcoin wallets on their devices.
It will be possible thanks to the established partnership between Huawei and BTC.com that is the owner of the world’s largest Bitcoin mining pool and subsidiary of Bitmain. BTC dot com tracks cryptocurrency mining and block information and offers its digital wallet services.
This Bitcoin wallet created in collaboration with BTC dot com will be the first cryptocurrency mobile app that is offered by Huawei. All latest Huawei and Honor phones will have pre-installed AppGallery, that was launched in March, but it will be also available for older devices just in a few months.
Despite the fact that ICOs and crypto exchanges are banned in China, public interest to this sphere is still growing and the local people still own cryptocurrencies.
Launch of a new app is expected to have the greatest impact precisely in the Chinese market, where Huawei mobile phones can boast extreme popularity. Moreover, we should also take into consideration the fact that the Chinese government took a decision to block Google Play Store for Android and some parts of Apple’s App Store as a result access to some apps like BTC dot com’s is limited.
Thanks to collaboration with Chinese telecommunications guru Huawei, BTC dot com receives a chance to enter the massive and exclusive Chinese markets and to offer its crypto wallet to users.
Alejandro de la Torre, BTC dot com’s vice president of business operations, believes that the new initiative is “a good opportunity to tap into the Chinese market”. “The use of cashless payments with apps is very big and the traditional banking system is lacking, so there’s a good use case for crypto payments to grow there,” added he.
At the same time vice president of Huawei’s mobile services Jaime Gonzalo also has a lot of expectations. He said in his statement: “From our leadership position in China, the tip of the spear of mobile payments, we expect to see massive growth in global cryptocurrency adoption habits in the near future”.
“Cryptocurrencies have recently expanded the human understanding of digital economy at a large scale. We expect to see massive growth in global cryptocurrency adoption habits in the near future”, commented he.
It is not the first move of Huawei toward Blockchain integration. As we have earlier informed, in April, Huawei launched its own blockchain service platform named as blockchain-as-a-service (BaaS).
The platform is based on Hyperledger Fabric 1.0 technology developed by the Linux Foundation’s Hyperledger blockchain consortium which Huawei joined in 2016. The BaaS platform gives companies an opportunity to develop smart contacts on top of a distributed ledger network.