Tuesday, 23 October, 2018

Huawei to Add BTC.Com's Bitcoin Wallet to Its App Store

54964060- concept of digital wallet and virtual coins bitcoins. 3d scene Huawei Phones to Offer Easy Access to BTC.com Bitcoin Wallets
Troy Mann | 12 May, 2018, 10:49

The launch of BTC.com, which has transacted billions of Dollars worth of BTC and BCH over the past few years, on Huawei paves the way for many Chinese smartphone owners to gain first-time access to a mobile bitcoin wallet.

China's biggest mobile phone seller, Huawei, is providing access to a Bitcoin wallet app for its devices for the first time as of today.

The BTC.com wallet will be the first cryptocurrency app offered by Shenzhen-based Huawei. Nonetheless, BTC.com's de la Torre recognizes "the wonderful opportunity cryptocurrencies have in replacing fiat currency as the currency of choice for mobile payments" in China. Alejandro de la Torre, BTC.com's vice president of business operations made an announcement to this effect.

This move from Huawei most notably impacts the Chinese market, which doesn't exactly have a track record of being cryptocurrency friendly.

Huawei, who recently passed Apple to become the world's second largest phone manufacturer, is partnering with BTC.com to try and make it easier for Chinese customers to access bitcoin to use as a digital currency. Consumers can also join a bitcoin mining pool that's backed by industry leader Bitmain.

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There's also a rift between U.S. intelligence agencies and Huawei amid a lack of trust surrounding transparency in the smartphone maker's government ties.

In spite of China's shut down of the cryptocurrency trading platforms and initial coin offerings, people's ability to own virtual currencies is still viable in China.

"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", Jaime Gonzalo, vice president of Huawei's mobile services is also quoted as saying.

As such, the usage of Huawei's new crypto features could be limited as the same apps on ā€ˇGoogle Play store are banned in the country. The Chinese conglomerate is also planning to come out with a mobile phone that will target blockchain-based applications.

BTC.com's wallet spearheads a consumer focused and open financial system that has introduced over a million new users across the world to Bitcoin and Bitcoin Cash.

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