ibusinesslines.com October 21, 2018

Huawei expects "massive growth" in crypto adoption, offers first mobile wallet

12 May 2018, 10:48 | Jodi Jackson

Huawei expects "massive growth" in crypto adoption, offers first mobile wallet

Did Somebody Say'Mass Adoption

Huawei Technologies, in partnership with BTC.com, is offering users of its mobile phones access to a bitcoin wallet, Bloomberg reports. The site's vice president for business operations, Alejandro de la Torre, said its new wallet application will appear in Huawei's proprietary app store, AppGallery, which was launched in March.

Consumers who purchase a new Huawei or Honor smartphone from the P20 and up will have the Huawei app store automatically installed on their device, while previous models will begin gaining access to it later in the current quarter.

Adam Reese is a Los Angeles-based writer interested in technology, domestic and global politics, social issues, infrastructure and the arts.

Huawei Technologies Co. has chose to make Bitcoin (BTC) trading easier for its Smartphone-users.

That said, the effort to boost cryptocurrency wallet support is still a notable move by Huawei, and is likely to open up cryptocurrency services to a potentially huge user base.

BTC.com allows users to safely store their private keys, granting them full control of their cryptocurrencies. The BTC.com Pool - which recently produced the 17 millionth Bitcoin - is the largest Bitcoin mining pool in the world, providing the highest average payout for their miners.

At the same time vice president of Huawei's mobile services Jaime Gonzalo also has a lot of expectations.

"Cryptocurrencies have recently expanded the human understanding of digital economy at a large scale ..." "That is the reason why Huawei selected BTC.com as our recommended quality app to manage digital currencies". The including of a Bitcoin wallet in a large part of Chinese smartphone can accelerate adoption. Five manufacturers now account for three out of four mobile devices sold in China.

Easy access to your Bitcoin & Bitcoin Cash funds in a secure smartphone app. The government has further blocked the Android's Google Play Store and some sections of Apple's iTunes, limiting accessibility to apps such as BTC.com.

Thanks to collaboration with Chinese telecommunications guru Huawei, BTC dot com receives a chance to enter the massive and exclusive Chinese markets and to offer its crypto wallet to users.

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