Chinese users to be the biggest beneficiary
Huawei's biggest impact is expected to be felt in China, where the smartphone maker is the biggest mobile phone maker. . The world's most populous country also emerged as a virtual currency.
However, access to the Google Play Store and portions of iTunes are blocked by the Chinese government, and applications from BTC.com can be downloaded. And while China has banned First Quotations and ordered the closure of digital exchange trading platforms, there is no law prohibiting citizens from owning crypto coin money.
BTC.com is owned by Bitmain Technologies, a private company based in Beijing. Bitmain is known primarily for designing Application Specific Integrated Circuits that are used in the mining of virtual currencies. The Chinese company is also a digital currency miner and is behind Antpool, one of the largest bitcoin mining pools in the world.''
''Huawei, the third largest mobile phone maker in the world, will continue to market BTC.com's bitcoin wallet at AppCallery. This was uncovered by Vice President of business operations at BTC.com, Alejandro de la Torre.
"It's a good opportunity to enter the Chinese market. In practice, the use of cashless payments is huge and the traditional banking system is lacking, so there is a good use case for crypto payments to grow there, "de la Torre told Bloomberg on the phone.
BTC.com's digital wallet will appear as the first virtual currency application provided by Shenzhen, China-based Huawei. According to De la Torre, AppGallery is pre-installed but only comes on new Honor and Huawei phones. On older devices, AppGallery will become available over time.''
''It could provide support for the wallet, bitcoin and bitcoin money, and move it even further in Europe, where Huawei's prosperity has been moving lately.
Blockchain Smartphone Coming Soon
It's been two months since reports came out that Huawei has developed a phone to support decentralized applications. working in blockchain technology. Meanwhile, Huawei reportedly reported with Blockchain firm Sirin Labs to license the operating system known as SIRIN OS, which runs Blockchain applications. SIRIN OS was installed on Android. If the plans turn into fruites, Huawei will be the first major smartphone maker to enter blockchain technology and lead to the mass adoption of technology.
Since then, SIRIN LABS has started to explain the features of a blockchain smart phone that will be launched into the market by the end of the year. The production of the smart phone, known as FINNEY, will be done by Foxconn International Holding, while Shirin Labs will focus on hardware development for the operating system as well as a cold storage wallet.
Blockchain Patent given to Huawei
In March 2018, a patent application filed by Huawei for a blockchain technology was published by the Chinese State Intellectual Property Office. The network and the telecom giant were first found in patent applications in the second half of 2016. According to the patent document, the described technology is a verification system based on a block chain, and the digital content is used to maintain the IPR as an equivalent. -peer network.
Patent certification validation data, including the copyright holder's identity, will be permanently recorded on the block-link network. After a download request is sent by a user on the peer-to-peer network, the license or private key will be determined and compared by the verification system before access is provided to the content. This will only be done after matching the validation data. ''