Adoption

Huawei Smartphones Will have Bitcoin Wallets

Huawei Smartphones Will have Bitcoin Wallets

Huawei Technologies, known for its Huawei smartphones has announced that people who use the Huawei mobile phones will be able to download Bitcoin wallets. Further to this Bitcoin Wallets will be pre-installed on the newer versions of Huawei phones.

Huawei Technologies is a Chinese company famous for networking, telecommunications equipment and services that it provides. With the latest announcements of Bitcoins wallets being able to be downloaded on their mobile phones, it ups their demand amongst Bitcoin enthusiasts.

This announcement will further take Bitcoin down the mainstream path!

Ledger Nano S - The secure hardware wallet

The application will be BTC.com’s Bitcoin wallet. BTC.com is owned by Bitmain Technologies which is a dominant force in the mining hardware manufacturing field, also controlling the world’s largest mining pool for Bitcoin.

According to Alejandro de la Torre who is the vice president of business operations at BTC.com, this will be the first digitals currency application offered on Huawei devices.

He continued telling Bloomberg, “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.”

Currently, China has blocked much of the digital world, including Android’s Google Play Store and some of Apple’s App Store. However some Chinese are still holding cryptocurrencies.

Huawei has dominated the Chinese market when it comes to mobile phones, with a share of 20.4%, last year, 2017. Hence Huawei’s vice president, Jaime Gonzalo feels that Huawei can increase more presence in the Chinese market with cryptocurrency being adopted in the mobile phones.

“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 shortly,” Gonzalo said.

Huawei is Blockchain friendly with many different initiatives. For example last month, Huawei also announced the launch of a Blockchain-as-a-service (BaaS) platform which will focus on smart contract development.

Image Source: “Flickr”

Ledger Nano S - The secure hardware wallet