ZenLedger
· ·

Huawei Giving Chinese Public Access to Bitcoin Wallet Through AppGallery

Huawei Giving Chinese Public Access to Bitcoin Wallet Through AppGallery

Despite ICO and crypto exchange bans, Chinese public support for blockchain applications persists. According to Bloomberg, starting May 11, Huawei Technologies will be offering Chinese users access to a Bitcoin wallet through their native AppGallery.

Huawei Partners with BTC.com

Huawei Technologies Co., Ltd. is a Chinese multinational networking, telecommunications equipment, and services company headquartered in Shenzhen, Guangdong.

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.

The AppGallery containing the BTC.com Bitcoin wallet will be pre-installed on all new Huawei and Honor smartphones and will soon be available for install on older models as well.

Untapped Chinese Markets

In the past few months, the Chinese government has created a rather hostile environment for the cryptocurrency and blockchain industries  – shutting down all cryptocurrency exchanges and outlawing ICOs completely.

In addition, the Chinese government restricts the Google Play Store and sections of Apple’s iTunes to the public, limiting access to apps like the BTC.com Bitcoin wallet.

By partnering with Chinese telecommunications mogul Huawei, BTC.com is able to penetrate the massive and exclusive Chinese markets for crypto wallet user acquisition.

In an interview with Bloomberg, Alejandro de la Torre, BTC.com’s vice president of small business operations, said:

“It’s a good opportunity to tap into the Chinese market… 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’s Plans for Blockchain Integration

Related Article: Is Huawei Getting Ready to Develop a Blockchain-Ready Smartphone?
Related Story: Is Huawei Getting Ready to Develop a Blockchain-Ready Smartphone?

Since their announcement to launch a blockchain-ready smartphone in March, Huawei has shown considerable support for the future of blockchain integration and decentralized applications (dApps).

Through this recent partnership with BTC.com, the world’s third-largest smartphone manufacturer takes its first steps towards offering seamless access to blockchain apps and decentralized services.

In an interview with Bloomberg, Jaime Gonzalo, vice president of Huawei’s mobile services said:

“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.”

Cover Photo by Ben White on Unsplash

Posted In: , , Adoption
Invest with AMFEIX

Like what you see? Subscribe to CryptoSlate

Get our daily newsletter containing the top blockchain stories and crypto analysis straight to your inbox.

Sign up to stay informed
Jonathan Kim
Author

Jonathan Kim

Former Journalist @ CryptoSlate

Jonathan Kim is a University of Washington student of Finance and cryptocurrency investor with a deep interest in the emerging industry of blockchain applications and cryptocurrency trading. His past experiences involve publishing original daily content for blockchain startups and trading cryptocurrencies using technical analysis principles.

View author profile

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.