Huawei enters crypto market, offers bitcoin wallet in app store

Huawei Phones to Offer Easy Access to BTC.com Bitcoin Wallets

Huawei to Offer Chinese Users Access to Bitcoin

The launch of BTC.com, which has transacted billions of United States dollars worth of BTC and BCH over the past few years, on Huawei paves the way for many Chinese smartphone owners to gain first-time access to a mobile bitcoin wallet.

BTC.com, owner of the world's largest Bitcoin mining pool and subsidiary of Bitmain, has partnered with Huawei Technologies to integrate Bitcoin wallets into all Huawei handheld devices starting this Friday.

Huawei is launching BTC.com's Bitcoin wallet on their own App Store, called "AppGallery".

Currently, AppGallery is only available for customers via a pre-install on the latest Huawei devices, but will be rolled out for older versions in the second quarter of this year.

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"It's a good opportunity to tap into the Chinese market", de la Torre told Bloomberg in an interview.

Launch of a new app is expected to have the greatest impact precisely in the Chinese market, where Huawei mobile phones can boast extreme popularity.

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The bitcoin wallet provides the user with a secure place to store the cryptocurrency, protecting it from hackers.

China's people spent US$12.7trillion in mobile payments in 2017, and with this announcement Huawei and BTC.com will help crack into the mobile payment market dominated by Alipay and Tencent (WeChat) which makes up more than 90% of all mobile payments.

Earlier in March, Huawei was reportedly on the verge of making a significant step towards ‎‎penetrating the blockchain space.

"BTC's Bitcoin wallet application was reviewed by AppGallery, and was approved for official release in multiple countries and regions, not including Mainland China".

As noted by Bloomberg, the government of China also blocks Android's Google Play Store and many sections of Apple's iTunes, which has effectively served to limit exposure to apps like BTC.com's cryptocurrency wallet.

BTC.com allows users to safely store their private keys, granting them full control of their cryptocurrencies. He said in his 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". It means that smartphones users will have a chance to download Bitcoin wallets on their devices.

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