The third largest mobile handset maker in the world, Huawei Technologies Co., a Chinese multinational communications technology company, announced that a new Bitcoin (BTC) wallet app will be available to download for their mobile phone users starting today, the South China Morning Post reported.
The digital currency wallet from BTC.com will emerge as the first virtual currency app provided by the Shenzhen, China-based Huawei. The information has been released by Alejandro de la Torre, Vice President of Business Operations at BTC.com, during a phone interview with Bloomberg.
The AppGallery is pre-installed on all new smartphones of Huawei and Honor (another Huawei brand), and will be launched on older devices in the upcoming months, de la Torre said.
Adam Reese is a Los Angeles-based writer interested in technology, domestic and global politics, social issues, infrastructure and the arts.
With the recent announcement, the partnership between Huawei and BTC.com would crack into the mobile payment market, previously dominated by Alipay and Tencent (WeChat) who single handedly constitute more than 90% of all mobile payments.
Huawei is the biggest mobile phone seller in China.
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The move from Huawei is very important due to the fact that China is not an open country towards cryptocurrencies. Consumers can also join a bitcoin mining pool that's backed by industry leader Bitmain.
"Cryptocurrencies have recently expanded the human understanding of digital economy at a large scale ..."
Integration with BTC.com's popular Block Explorer to check on transactions. This move can be considered a revolutionary step as in China, apps such as BTC.com have limited access as the government has blocked Google Play Store on Android and even some parts of Apple's App Store.
Thanks to collaboration with Chinese telecommunications guru Huawei, BTC dot com receives a chance to enter the massive and exclusive Chinese markets and to offer its crypto wallet to users.