Huawei releases BTC.com’s Bitcoin wallet in App Store.
- The company stated that this wallet would also be pre-installed on all new smartphones.
China: Report reaching Cryptomartez.com states that the Chinese multinational communications technology company, Huawei Technologies Co., yesterday 11th May, announced the release of BTC.com’s Bitcoin wallet. Smartphone users would soon be able to download the Bitcoin wallet from App Store.
According to VP of business operations at BTC.com, Alejandro de la Torre, Huawei is launching the Bitcoin wallet in its AppGallery on App Store, and the app will also be pre-installed on all new Huawei smartphones. The app is reported to be the first cryptocurrency app offered on Huawei devices.
There are limitations to access to smartphone apps like this in China due to the government’s bars on Google Play Store and some parts of App Store. Though the Chinese authorities have closed down cryptocurrency exchanges and barred ICOs, citizens can still own digital currencies. 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.”
Cryptomartez.com had earlier reported that Huawei is making plans to develop a mobile phone that will support decentralized apps (DApp) running on blockchain technology. 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, Huawei’s global market share 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-as-a-Service (BaaS) platform which focused on smart contract development. The platform was “a high-performance, high-availability, and high-security blockchain technology platform service for enterprises and developers.”
In the meantime, the Chinese government is making plans to issue a nationwide blockchain standard toward the end of 2019. A dedicated team has reportedly begun working on the project.