Huawei mobile phones users in China will have the first-time-ever opportunity to download Bitcoin wallets onto their devices starting today.
The Chinese-based mega corporation Huawei Technologies Co. is releasing the device-friendly Bitcoin wallet partnered, developed by BTC.com, in its AppGallery app store. According to Alejandro de la Torre, the vice president of business operations at BTC.com, the application will come already installed on new Huawei smartphones.
The new application is the first reported cryptocurrency application to be available on any Huawei devices.
The Chinese government limits the access to cryptocurrency apps similar and has blocked the Google Play Store by Android and parts of Apple’s App Store – making it difficult for mobile phone users to use digital wallets on their devices.
National authorities are relatively strict on cryptocurrency related behavior and have denied cryptocurrency exchanges from operating as well as banning companies from holding fundraising for projects through initial coin offerings. However, individuals are allowed to own cryptocurrencies and de la Torre is optimistic that the market is worth investing in.
The vice-president told Bloomberg that it is “a good opportunity to tap into the Chinese market,” and that 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.”
Huawei is the market leader in mobile phone sales in China, which is known to be a hub for cryptocurrency activity so this project is likely to have the most success in the country.
The vice president of Huawei’s services, Jaime Gonzalo, said in a statement that this is “the tip of the spear of mobile payments, [they] expect to see massive growth in global cryptocurrency adoption habits in the near future”.
This follows the announcement that the tech company made last month of the launch of a Blockchain-as-a-Service (BaaS) platform which supports users in creating smart contract applications as well as targeting supply chain and coin securities assets.