Home News Huawei launches a Bitcoin wallet for mobile phones

Huawei launches a Bitcoin wallet for mobile phones

The world’s third-biggest handset maker Huawei Technologies Co. has launched its first mobile phone-compatible cryptocurrency wallet today.

BTC.com’s Bitcoin wallets are now available for downloading in the Huawei-run AppGallery, according to Alejandro de la Torre, BTC.com’s vice president of business operations. 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, he said.

“It’s a good opportunity to tap into the Chinese market,” de la Torre said in a telephone interview. “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.”

This move will definitely have a deep impact on the Chinese market, given that the country’s government blocks Android’s Google Play Store and some sections of Apple’s iTunes, limiting access to apps including those offered by BTC.com.

“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,” Jaime Gonzalo, vice president of Huawei’s mobile esrvices said in a statement.

BTC.com is owned by major mining hardware manufacturer Bitmain Technologies. As reported last month, the latter has announced it will bring a new powerful EtHash ASIC miner to the market by July 2018.