Huawei Technologies, the Chinese multinational company has announced that its smartphone users starting today will be able to download bitcoin wallets on new Huawei devices, reports Bloomberg.
According to Alejandro de la Torre, BTC.com’s vice president of business operations, Huawei is releasing BTC.com’s Bitcoin wallet in its AppGallery. IT will be the first cryptocurrency app offered by the company which is also the world’s third-biggest mobile phone manufacturer.
The AppGallery will be pre-installed on all new Huawei and Honor smartphones while the company will soon release it for its older devices as well. The addition of bitcoin wallets will have a much bigger impact on the Chinese market which is a hotbed for cryptocurrencies.
In China, access to apps like BTC.com is limited as the government has blocked Google Play store and some parts of Apple App Store in the country. Though the country has shut down cryptocurrency trading platforms and initial coin offerings, people in China can still own the digital currency.
In China, the cashless payment system is flourishing which can be the key to the promotion of cryptocurrency in the country. Huawei’s inclination towards cryptocurrency is no major surprise as earlier this year, the company revealed its plans to develop a smartphone which will target blockchain-based apps.
Jaime Gonzalo, VP of Huawei’s Mobile Services said in a 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.”
BTC.com controls the world’s largest bitcoin mining pool and is owned by Bitmain Technologies, a mining hardware manufacturer.