Despite ICO and crypto exchange bans, Chinese public support for blockchain applications persists.
According to Bloomberg, starting May 11, Huawei Technologies will be offering Chinese users access to a Bitcoin wallet through their native AppGallery.
BTC.com, owner of the world's largest Bitcoin mining pool and subsidiary of Bitmain, has partnered with Huawei Technologies to integrate Bitcoin wallets into all Huawei handheld devices starting this Friday.
The AppGallery containing the BTC.com Bitcoin wallet will be pre-installed on all new Huawei and Honor smartphones and will soon be available for install on older models as well.
In the past few months, the Chinese government has created a rather hostile environment for the cryptocurrency and blockchain industries - shutting down all cryptocurrency exchanges and outlawing ICOs completely.
The Chinese government restricts the Google Play Store and sections of Apple's iTunes to the public, limiting access to apps like the BTC.com Bitcoin wallet.
By partnering with Chinese telecommunications mogul Huawei, BTC.com is able to penetrate the massive and exclusive Chinese markets for crypto wallet user acquisition.
"It's a good opportunity to tap into 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."
Since their announcement to launch a blockchain-ready smartphone in March, Huawei has shown considerable support for the future of blockchain integration and decentralized applications.
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.
Huawei Giving Chinese Public Access to Bitcoin Wallet Through AppGallery
gepubliceerd op May 11, 2018
by Cryptoslate | gepubliceerd op Coinage
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