The mobile phone giant, Huawei Technologies Co., announced the launch of a digital bitcoin wallet compatible with its devices.
The Bloomberg report also revealed that new devices and smartphones will have the application pre-installed. Although it will also be available for purchase through the Huawei electronic store.
According to the head of operations of Bitcoin.com, Alejandro de la Torre, this will be the first application linked to cryptocurrencies available for Huawei smartphones.
This is a breakthrough in the Chinese territory, as many applications of the 'Apple store' are prohibited, as is access to 'Google Store'. Although the authorities have censored the exchange houses and the offers of ICOs, citizens will still be able to acquire cryptocurrencies thanks to the application of Huawei.
According to the statements of Alejandro de la Torre:
This is a huge opportunity for the Chinese market, where there is a growing use of cashless transactions and the banking system is detrimental; These factors will open a large field to deal with cryptoactives.
For his part, Jaime Gonzalo, vice president of mobile services for Huawei, clarified that:
From our position of leadership in China, we expect to see a massive growth in the adoption habits of cryptocurrencies as payment methods globally in the near future.
Also, in March, the development by Huawei of a mobile that supports the use of decentralized applications (DApp) based on the Blockchain was announced; as well as they raised the launching of a platform in Blockchain of services (BaaS) of intelligent contracts for companies and developers.
It is evident that, in spite of the strong regulations regarding digital currencies, the movement of the market is inclined more and more towards the trade with cryptocurrencies and the use of technology based on the Blockchain.
Moreover, in a country where censorship of the media presents an obstacle, the new technology of distributed accounting and associated applications play a crucial role in the evolution and life of the citizens in question.