Huawei rolls out first cryptocurrency app on AppGallery

Huawei rolls out first cryptocurrency app on AppGallery

It means that smartphones users will have a chance to download Bitcoin wallets on their devices.

Through this recent partnership with BTC.com, the world's third-largest smartphone manufacturer takes its first steps towards offering seamless access to blockchain apps and decentralized services. In 2017, Huawei shipped 90.9 million units of mobile phones in the Chinese market, where it enjoys a dominant market share of 20.4%.

By partnering with Chinese telecommunications mogul Huawei, BTC.com is able to penetrate the massive and exclusive Chinese markets for crypto wallet user acquisition.

This Bitcoin wallet created in collaboration with BTC dot com will be the first cryptocurrency mobile app that is offered by Huawei. "That is the reason why Huawei selected BTC.com as our recommended quality app to manage digital currencies".

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However, access to Google Play Store as well as some parts of iTunes are blocked by the Chinese government and thus downloading apps from the likes of BTC.com is limited. And now that it is making BTC wallets accessible on its devices, the move is sure to make a large impact on the Chinese market. "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", de la Torre told Bloomberg in a phone interview. 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 Shenzhen-based company has reportedly teamed up with BTC.com to add the firm's bitcoin wallet to AppGallery. The vice president of mobile services, Huawei, Jaime Gonzalo, said that since they lead in China, the company is expecting massive growth in global cryptocurrency adoption habits in the coming days.

China-based Bitmain manufactures Bitcoin mining hardware which has dominated the market and all but put small home PC and GPU miners out of business.

Huawei's move also comes at a time when the tech giant is moving to beef up its wider effort for blockchain development.

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