Bitmain Developed First Ever Crypto Wallet App for Huawei Phone Users

Did Somebody Say'Mass Adoption

Chinese telecom and smartphone giant Huawei is releasing the first cryptocurrency app on its AppGallery, Bloomberg reported.

Huawei, which is the third largest smartphone ‎manufacturer in the world, has announced a partnership with ‎BTC.com which will allow users to download Bitcoin wallets through ‎its own app store - AppGallery.‎. All latest Huawei and Honor phones will have pre-installed AppGallery, that was launched in March, but it will be also available for older devices just in a few months.

The digital currency wallet from BTC.com will emerge as the first virtual currency app provided by the Shenzhen, China-based Huawei.

"It's a good opportunity to tap into the Chinese market", de la Torre told Bloomberg in an interview. Per Alejandro de la Torre, BTC.com's vice president of business operations, the BTC.com wallet is the first cryptocurrency-related app Huawei will include in its app store.

This move from Huawei most notably impacts the Chinese market, which doesn't exactly have a track record of being cryptocurrency friendly.

It assists users in making the most out of digital currencies by providing secure online tools.

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There's also a rift between USA intelligence agencies and Huawei amid a lack of trust surrounding transparency in the smartphone maker's government ties.

Access to cryptocurrency-related apps is limited in China, as the country's government blocks Google's app store Google Play, and some of Apple's App Store. Within the previous year alone, China has banned initial coin offerings and implemented regulations created to drive cryptocurrency exchanges from the country.

"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 services, said in a statement. Bitmain is also the world's largest mining pool with mining power of 7953 PH/s at the time of writing this article.

The wallet will provide support for bitcoin and bitcoin cash, and could propel Huawei's popularity further in Europe, where it has been gaining a foothold in recent times.

Huawei made an earlier announcement this year that it would develop a smartphone which would support decentralized applications (dApp) running on blockchain technology.

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