Chinese telecom giant Huawei is partnering up with BTC.com in an effort to gain a stronger foothold in the cryptocurrency market. BTC.com is owned by Bitmain Technologies, which sells Bitcoin miners using its ASIC chip technology. It also keeps track of cryptocurrency mining.
Joining the ranks of Apple and Samsung, Huawei recently launched its own app store called AppGallery. It is accessible via any Huawei phone (via download), but new models like the Huawei P20 and P20 Pro have the AppGallery pre-installed, where the Huawei crypto wallet app – technically BTC.com’s digital wallet service – can be downloaded. AppGallery’s target market is mainly Asia, with apps like Facebook, YouTube, and WeChat available.
With the latest phones having the Huawei crypto wallet app installed, the company is likely to broaden its customer base. And with Huawei being one of the biggest smartphone manufacturers in the world, this move will have a significant impact in introducing more users to the world of cryptocurrency.
Dr. Jaime Gonzalo, vice president of Huawei Mobile Services, is quoted as saying:
“Cryptocurrencies have recently expanded the human understanding of digital economy at a large scale…We expect to see massive growth in global cryptocurrency adoption habits in the near future.”
With Huawei already vested in blockchain technology, this recent development is an indication that it aims to become a major player in the niche.