Huawei is teaming up with BTC.com to roll out bitcoin wallet to its app store. The AppGallery will be pre-installed on all new Huawei and Honor phones and rolled out to other devices in the second quarter. This app will allow consumers to hold virtual currencies.
Since China is cracking down on trading in the cryptocurrency market, the app won’t be available in the mainland China. Huawei and BTC.com which is an online platform for cryptocurrency investors, miners and developers partnered to add BTC.com’s crypto wallet to Huawei’s new AppGallery. As Google app store is banned in China, it is difficult for consumers in China to have access to bitcoin wallet, and BTC.com’s app only supports bitcoin and an offshoot of the world’s largest cryptocurrency called bitcoin cash.
There are tons of mobile payments in China including the ones from Alibaba’s Ant Financial and JD.com’s JD Finance providing digital payments and lending services. It is also reported that Huawei is considering to develop a mobile phone targeting blockchain-based applications.
Jaime Gonzalo, vice president of Huawei Mobile Services in a statement said:
Cryptocurrencies have recently expanded the human understanding of digital economy at a large scale. 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.