Huawei Will Release Apps For Bitcoin Users
Huawei Technologies Co. revealed that its users be able to download Bitcoin wallets on their mobile phones starting with Friday.
According to Alejandro de la Torre, BTC.com’s vice president of business operations, Huawei, the world’s third-biggest communications technology company, will be releasing BTC.com’s Bitcoin wallet in its AppGallery. The BTC.com wallet will reportedly be the first cryptocurrency app offered on their mobile devices. All new Huawei and Honor phones will have the AppGallery pre-installed on them and will be introduced to older models in the following months, said de la Torre.
The release will probably impact the Chinese market the most, seeing as Huawei is the biggest mobile phone retailer in the country. The nation has a very complicated relationship with cryptocurrencies. The Chinese government restricts access to apps such as BTC.com’s, and it also blocks Android’s Google Play Store and some divisions of Apple’s iTunes. Even though China has closed down cryptocurrency exchange/trading platforms and banned initial coin offerings, people can still own digital currencies.
“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,” de la Torre said in a telephone interview.
It was reported in March that Huawei had plans of developing a smartphone that will support decentralized applications (DApp) which run on blockchain technology.
Huawei announced last month, that it will be launching a Blockchain-as-a-Service (BaaS) platform dedicated to the development of smart contracts, “a high-performance, high-availability, and high-security blockchain technology platform service for enterprises and developers.”
“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,” said in a statement Jaime Gonzalo, vice president of Huawei’s mobile services.