Today, Huawei, the multinational networking, telecommunications equipment, and services company, made available for its costumers its official Bitcoin wallet. In collaboration with BTC.com, Huawei launched in its store the first mobile app focused on cryptocurrency.
This is a surprising move after China recently cracked down on speculative trading in the cryptocurrency market. Beijing banned initial coin offerings (ICOs) last year, and has closed down domestic Bitcoin exchanges. Even so, the Shenzhen-based Chinese smartphone maker seems to be pretty comfortable with the new addition to their app store.
“BTC’s Bitcoin wallet application was reviewed by AppGallery, and was approved for official release in multiple countries and regions, not including Mainland China,”
a Huawei spokesman 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… Cryptocurrencies have recently expanded the human understanding of digital economy at a large scale,”
said Jaime Gonzalo, Vice President of Huawei Mobile Services, in a statement Friday.
The AppGallery will be pre-installed on all new Huawei and Honor phones, and will be rolled out to older devices in the coming months.
by Samuel Larreal