Huawei Technologies has recently partnered with BTC.com, which resulted in the creation of Huawei’s bitcoin wallet. The app is now available on Huawei’s AppGallery app store and users can make transactions in cryptocurrency using their mobile phones.
The AppGallery is pre-installed on all new smartphones of Huawei and Honor, and the support for the older devices will be added soon, according to the company’s official representative de la Torre.
The wallet will be a secure place to store cryptocurrency and is supposed to be protected from possible hacker attacks. Huawei’s decision to enter the crypto world can have far-reaching consequences, driving further adoption in a country where the government is known for its tough stance on crypto.
“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.”
Bloomberg reported that Huawei has been developing a phone compatible with blockchain applications since March.
“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,” stated Jaime Gonzalo, vice president of Huawei’s mobile services.