Crypto

Huawei introduces first crypto wallet application on new smartphones

According to a report in Bloomberg, Huawei, a Chinese multinational communications technology company, showed a mobile crypto purse for AppGallery, a newly launched app store in a business alliance with BTC.com.

BTC.com's top level officials Alejandro de la Torre said Bitcoin's wallet will come pre-loaded with all new Huawei smartphones.

The Chinese government has limited access to applications like BTC.com because it blocks Android's Google Play Store and some parts of Apple's App Store. Chinese officials have closed crypto money exchanges and banned ICOs, but people can still have crypt money. De la Torre said to Bloomberg:

"It's a good opportunity to enter the Chinese market.

In March of last year, Huawei reportedly plans to develop a smartphone based on Blockchain technology, to support decentralized applications.

In the past, in March, Huawei reportedly plans to develop a smartphone to support centralized applications. . Last year Huawei shipped 91 million products to China, which had a market share of 20.4 percent.

Huawei's global market share was announced at 11.8 percent in the first quarter of 2018. Jaime Gonzalo, vice president of operations for the company's mobile services, stated that they expect to see significant growth in global crypto money adaptation in the near future.

The company has focused on developing smart contracts in the past month and has been delivering "top performance, usability and security for businesses and developers" (BaaS) platform.

Meanwhile, China is planning to launch nationwide Blockchain technology standards by the end of 2019. A special working group was reported to be working on the project.

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