Thursday, 16 August, 2018

Huawei to Offer Chinese Users Access to Bitcoin

Huawei to Offer Chinese Users Access to Bitcoin 8946 Huawei to Offer Chinese Users Access to Bitcoin
Sandra Phillips | 11 May, 2018, 20:40

Huawei Technologies Co. has decided to make Bitcoin (BTC) trading easier for its Smartphone-users.

The vice-president of business operations at BTC.com, Alejandro de la Torre, said that the Bitcoin wallet will be inbuilt in all the new Huawei Smartphones. Huawei is introducing BTC.com's Bitcoin wallet in its AppGallery for Chinese users starting this Friday. It will be accessible via its phones' AppGallery - which is pre-installed on all new Huawei and Honor phones, will begin to appear as older devices update over the coming months. 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%. The nation has been a hotbed for cryptocurrencies. The Chinese authorities have already shut down cryptocurrency exchanges and blocked initial coin offerings.

"It's a good opportunity to tap into the Chinese market", de la Torre told Bloomberg in an interview.

The world's third largest handset maker will be releasing BTC.com's wallet in the AppGallery.

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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.com, which controls the world's largest Bitcoin mining pool, has previously been hard to access for Chinese consumers given the government ban on Google Play and parts of Apple's iTunes. The companies global market share was 11.8 percent in the first quarter and it shipped 90.9 million units previous year in the Chinese market alone. Thus, BTC.com and Huawei may create a digital bridge to onboard millions of new Chinese cryptocurrency users.

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. 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".

What do you think of Huawei putting Bitcoin wallets into the hands of all its users?

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