Huawei Technologies Co., the Chinese company in the field of telecommunications has announced the release of bitcoin wallet in the application .
According to Alejandro de La Torre, Vice President, business operations BTC.com the app is based on the bitcoin wallet from BTC.com and will be available in the app store of the company and will be preinstalled on all new smartphones Huawei. This is the first application to digital currencies offered on the Huawei devices.
Access to applications such as BTC.com restricted in China because the government blocks Google Play Store from Android and some parts of Apple’s App Store. While Chinese authorities have shut down cryptocurrency exchanges and banned ICO, possession of a cryptocurrency is still not banned. De La Torre commented on the decision:
This is a good opportunity to enter the Chinese market. The use of cashless payments within applications is very common, the traditional banking industry lags behind in this. Therefore, the cryptocurrency has an excellent chance to gain good position in this niche.
In March, we reported that Huawei is planning to develop a smartphone that will support the decentralized application (DApp) that runs on blockchain technology. The share of Huawei in the Chinese market is about 20,4%, and the world an estimated 11.8. Jaime Gonzalo, Vice-President for mobile services at Huawei said:
Thanks to our leading positions in China, we expect that in the near future we will see a serious increase in the rate of the use of cryptocurrency.