- Huawei is set to release BTC.com’s Bitcoin wallet in App Store.
- The firm stated that this wallet would also be pre-installed on new Huawei phones.
China: Report reaching Cryptona.co states that the China-based smartphone and telecommunication provider, Huawei Technologies Company, yesterday 10th May, announced the release of BTC.com’s Bitcoin wallet. The Bitcoin wallet would soon be available on App Store for smartphones owners to download
The VP of business operations at BTC.com, Alejandro de la Torre, stated that the tech firm is launching the Bitcoin wallet in its Application gallery on AppStore, and the application would also come pre-installed on all new Huawei smart devices. The wallet is reported to be the first crypto app launched on Huawei’s smart devices.
There are limitations to get mobile apps like this in China due to the government’s bars on Google PlayStore and some parts of AppStore. Though the Chinese authorities have closed down crypto exchanges and barred ICOs, citizens still manage to hold crypto assets. Alejandro said:
“It’s 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.”
Cryptona.co had earlier reported that Huawei is making plans to develop a mobile phone that will support decentralized apps (DApp) running on blockchain tech. In 2017, Huawei shipped 90.9 million units of mobile phones in the Chinese market, where it enjoys a dominant market share of 20.4%. In the first quarter of 2018, the firm’s market share globally was 11.8%. Jaime Gonzalo, VP of Huawei’s mobile services stated:
“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.”
Last April, it was reported that Huawei launched a blockchain service platform dubbed blockchain-as-a-service (BaaS) platform, powered by Hyperledger. The platform was supposed to allow firms to develop smart contracts on a distributed ledger network for a number of use-case scenarios.
In the meantime, the Chinese government is making plans to issue nationwide blockchain standards toward the end of 2019. A dedicated team has reportedly begun working on the project.