Huawei Supports Bitcoin Wallet App as China Cracks Down on Cryptocurrency

Did Somebody Say'Mass Adoption

"...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.

More news: European Union countries to convene with Iran on nuclear deal

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.

Related News:

  • Blow for Brazil as Dani Alves ruled out of World Cup

    Blow for Brazil as Dani Alves ruled out of World Cup

    Now Fox Sports Brasil claim manager Tite is drawing up a list of potential replacements before he names his 23-man squad for the finals in Russian Federation on Monday.
    YouTube HDR support for iPhone X rolls out

    YouTube HDR support for iPhone X rolls out

    For optics, the iPhone X comes with a 12MP+12MP dual rear camera setup with Optical Image Stabilisation (OIS). Select films on the iTunes Movies Store support 4K, HDR10 and Dolby Vision when paired with Apple TV 4K.

    Broker's Roundup on Sears Hldgs Corp (SHLD)

    Moving on to another measurement, let's talk about volatility: the measurement of a stock's predictable daily price range. Chartists will most likely be paying attention to price moves and trying to spot the next series of trends that develop.
  • ME  police arrest 3rd suspect in burglary at Rob Gronkowski's house

    ME police arrest 3rd suspect in burglary at Rob Gronkowski's house

    Denn was in the auto and gave officers a false name and date of birth, according to the sheriff's department. He was also charged with being a fugitive from justice as well as giving a false name and address.
    Avengers 4 might not be the end of the franchise

    Avengers 4 might not be the end of the franchise

    Carol deduced that the Skrulls have returned to earth not knowing that Thanos has invaded the planet for the Infinity Stones . Disney and Marvel will make an absurd amount of money either way, so at least they can be kind to their fans in rural areas.
    London Mayor Sadiq Khan plans TfL 'junk food' advert ban

    London Mayor Sadiq Khan plans TfL 'junk food' advert ban

    The mayor of London is planning to ban junk food advertisements across public transport in the British capital in a bid to stop the "ticking time bomb" of child obesity .
  • Irish Health Service director resigns amid cancer screening scandal

    Irish Health Service director resigns amid cancer screening scandal

    The controversy was triggered by the case of Vicky Phelan, the terminally ill mother whose legal battle cast light on the issue. It said that the CervicalCheck programme was prepared for such media coverage.

    Eurovision pulls plug on China after censorship of LGBT act

    The Eurovision Song Contest , the biggest music contest in the world, is set to air this weekend on channels around the world. The broadcasters additionally censored the performance from Albania, reportedly due to its contestant's visible tattoos.
    Oil jumps 3 percent after United States  quits Iran deal, USA  stock drawdown

    Oil jumps 3 percent after United States quits Iran deal, USA stock drawdown

    The reimposition of U.S. sanctions will be phased in over the next 90-180 days to give companies time to wind down operations. A muted reaction from Iran would paint the U.S.as the aggressor, allowing Iran to more latitude to skirt US enforcement.
  • Imminent New OS Lets Users Place Time Limits To Manage Phone Addiction

    Imminent New OS Lets Users Place Time Limits To Manage Phone Addiction

    The public beta is now available for download on Pixel phones and also Android phones that are a part of Google's Project Treble . Google kicked off its annual developer conference at Shoreline Amphitheater in Mountain View, California on Tuesday, 8 May.
    A French group with a small child narrowly escape a cheetah attack

    A French group with a small child narrowly escape a cheetah attack

    Later in the clip, the cheetahs begin bounding towards the family after parking their vehicle further away. The predators use speed to their advantage when targeting prey.
    Health Investors Aren't Fazed by Early Read on Trump's Drug Plan

    Health Investors Aren't Fazed by Early Read on Trump's Drug Plan

    Trump is also expected to criticize what he calls "foreign freeloaders" for high drug prices . The speech will also go after other countries that pay less than the U.S. for drugs.


Most liked

Eurovision: Cyprus' entry Eleni Foureira is favourite to win 2018 song competition
Russian Federation will not go through to the Eurovision final after suffering a surprise elimination in last night's semi-final. Israel's Netta Barzilai, who will perform her song Toy, is one the favourites with bookmakers to win this year's competition.

Treasury Inspector General Investigating Leak of Trump Lawyer's Bank Records
The records describe Cohen's deal with all the firm, a relationship that got President donaldtrump's particular lawyer £600,000. AT&T said it hoped to gain "insights" into the new administration at a time when it sought approval for a major merger.

Assistant support coming to Xiaomi's smart home products, United States launch soon
It's a touch-sensitive panel on the top and, today, Google Assistant may be utilized to run the Bedside Lamp via voice management. It has a claimed 16 million color customisations and, thus, can be configured for different colours, moods, or user choices.

Trump says he'll speak Tuesday with President Xi of China
Last week, a seven-member US delegation returned to Washington and briefed Trump on their meeting with Chinese counterparts. Trade agent can, by law, execute the tariffs on £ 50 billion in services and products it outlined in overdue March.

Google's human-mimicking Duplex voice AI will now identify itself!
Observers feel this new development from Google can be said to have passed what is called a Turing test. It is alleged that the Google Assistant will provide users with more facilities.

Russia, Iran will continue 'coordination'on N
In a press conference with the visiting German counterpart, Lavrov slammed the USA pull-out as a "significant" violation. The comments come amid a regional flare-up between Israel and Iran in Syria.

Manchester United's De Gea wins Premier League Golden Glove for first time
The official handle of Manchester United also congratulated David De Gea on his achievement. De Gea in a post-match interview said, "It feels good, it is my first Golden Glove award".

Exiled Leader Puigdemont Withdraws As Candidate For Catalan Presidency
Time is running out to form a new administration, as the parliament must vote in a leader before May 22 or fresh elections must be called.

Khloé Kardashian Shares First Selfie of True
Mentally I'm strong but physically it's just not the same, my body is not doing what I feel like my mind is telling it to do. For Khloe and Kylie it's their first one, and it's Kim's first Mother Day with Chicago".

AT&T CEO says Cohen payments 'big mistake,' chief lobbyist retiring
AT&T had confirmed it hired Cohen after Trump was elected, but hadn't publicly explained in detail its motives for the move. Part of that time would be spent on "legislative policy development" and "regulatory policy development".

Here's why: Pro-Brexit group fined £70000 by United Kingdom watchdog
Leave.EU failed to include a minimum of £77,380 in its spending return, thereby exceeding its spending limit by more than 10%. It was also criticised for failing to report services from USA strategy firm Goddard Gunster when it should have done.

European businesses most affected by US sanctions on Iran
That one-sided agreement was crafted by his predecessor, Barack Obama, along with Britain, France, Germany, Russia and China. Obama, the master of appeasement in USA foreign relations, called Trump's decision "misguided" and a "serious mistake".

Minecraft Crossplay And Achievments Coming To Nintendo Switch
A physical retail copy of the Bedrock version of Minecraft: Nintendo Switch will also launch on the same day in stores. Visit Nintendo.com or Nintendo eShop for details.

Here's your personal info that hackers got in Equifax breach
But senators wanted more details from Equifax , arguing the company hasn't been as transparent with details about the data stolen. Securities Disclosure: I, Bala Yogesh, hold no direct investment interest in any company mentioned in this article .

Possible shooting reported at Los Angeles County high school
Agents from the Bureau of Alcohol, Tobacco, Firearms and Explosives are responding to the scene, the ATF said on Twitter. Palmdale, a city of about 150,000 people, is in Los Angeles County, about 40 miles north of downtown Los Angeles.