Huawei Supports Bitcoin Wallet App as China Cracks Down on Cryptocurrency

Huawei to Offer Chinese Users Access to Bitcoin 8946

"...new users can access Bitcoin and Bitcoin Cash in a simple, secure and trusted environment".

Of course, it's also worth noting that BTC.com is owned by mining hardware manufacturer Bitmain Technologies and is in control of the world's largest mining pool for the dominant cryptocurrency.

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. The Chinese multinational communications technology company announced that from May 10 onwards, users on the new Huawei devices will be able to download Bitcoin wallets through the AppGallery app store. The wallet is reported to be the first crypto app launched on Huawei's smart devices.

Huawei, the world's third-biggest handset maker, is releasing BTC.com's Bitcoin wallet in its AppGallery, according to Alejandro de la Torre, BTC.com's vice president of business operations. 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.

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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While China has cracked down Cryptocurrency trading and ICOs, it is still legal to store Cryptocurrencies.

Huawei is set to release BTC.com's Bitcoin wallet in App Store.

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".

"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... 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".

BTC.com is Amsterdam based company.

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