Huawei Uses AppGallery To Give Bitcoin Wallet Access to Those in China

Daniel Fowler
May 12, 2018

The Chinese mobile phone giant Huawei will permit users of some of its devices to download a cryptocurrency wallet.

The AppGallery containing the BTC.com Bitcoin wallet will be pre-installed on all new Huawei and Honor smartphones and will soon be available for install on older models as well.

Amsterdam- and Beijing-based BTC.com has made history by becoming the first bitcoin wallet to debut on no. 2 smartphone maker Huawei's recently-launched app store.

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. The nation has been a hotbed for cryptocurrencies. With the recent clampdown on cryptocurrency exchanges, Huawei's move could enable people to own digital currencies easily.

"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", added he.

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This is because if the Senate approves the measure, it would not likely pass the Republican-controlled House of Representatives. Moreover, an internet consumer will also be charged extra to access websites that are restricted by the FCC.

Of course, it's also worth noting that BTC.com is owned by mining hardware manufacturer Bitmain Technologies and is in control of the world's largest mining pool for the dominant cryptocurrency. The Chinese government blocks Android's Google Play Store as well parts of iTunes limiting access to apps from around the world.

Huawei is China's largest Smartphone company ahead of companies like Xiaomi and Apple.

At the moment, Chinese citizens are allowed to own bitcoin and other virtual currencies, and Huawei will help those individuals find a wallet where to store their virtual currencies.

The move by Huawei comes less than two months since reports emerged indicating that Huawei was developing a handset which would offer support to decentralized applications that run on blockchain technology. This will only be done once the matching of validation data has occurred.

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