Huawei Supports Bitcoin Wallet App as China Cracks Down on Cryptocurrency

BTC.com ‎app will come pre-installed with the recently launched P20 ‎and P20 Pro ‎smartphones.‎

Huawei, which is the third largest smartphone ‎manufacturer in the world, has announced a partnership with ‎BTC.com which will allow users to download Bitcoin wallets through ‎its app store — AppGallery.‎

Soon, the users of Huawei smartphones will gain access to the pre-installed cryptocurrency ‎app which will be available on their devices, no matter which part of the world they reside in. ‎The app store already comes pre-installed with the recently launched P20 and P20 Pro ‎smartphones.‎

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BTC.com is a web wallet created by Blocktrail and now owned by Bitmain ‎Technologies, which sells Bitcoin miners using its ASIC chip technology. It also publishes an ‎Android wallet, an iOS Wallet, a Bitcoin API, a block explorer and a mining pool‏.‏

China is unarguably the biggest cryptocurrency market in the world, but the government has ‎been escalating its clampdown on the sector. Additionally, local app stores must register with ‎the authorities as they sought to regulate the industry of app stores.‎

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As such, the usage of Huawei’s new crypto features could be limited as the same apps on ‎Google Play store are banned in the country. Before that, Apple was also made to take down some of their ‎services from the Chinese market.‎

Earlier in March, Huawei was reportedly on the verge of making a significant step towards ‎‎penetrating the blockchain space. Bloomberg said that the Chinese smartphone maker and ‎‎telecommunications giant is in talks to license SIRIN LABS’ operating ‎system and could reach ‎an agreement in the coming ‎weeks.

Commenting on the news, Jaime Gonzalo, vice president of Huawei Mobile Services, said‏:‏ ‎‎‏“‏Cryptocurrencies have recently expanded the human understanding of digital economy at a ‎large scale…We expect to see massive growth in global cryptocurrency adoption habits in the ‎near future‏.”‏

He added: “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. It’s a good ‎opportunity to tap into the Chinese market.”‎

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