Huawei expects “massive growth” in crypto adoption, offers first mobile wallet

China’s biggest mobile phone seller, Huawei, is providing access to a Bitcoin wallet app for its devices for the first time as of today.

The third biggest worldwide maker of mobile phone, and the biggest in the massive Chinese market, will begin offering BTC.com’s BTC.com Wallet app as of today, Friday May 11th, 2018 – a first for the company. It will be accessible via its phones’ AppGallery – which is pre-installed on all new Huawei and Honor phones, will begin to appear as older devices update over the coming months.

The move will have most impact in the Chinese market – where the government blocks Android’s Google Play Store, and some parts of Apple’s iTunes – where access to such facilities is limited. The country has recently also closed down Exchanges and ICOs, though people are not banned from owning virtual currencies.

“It’s a good opportunity to tap into the Chinese market,” BTC.com’s VP of business operations, Alejandro de la Torre told Bloomberg. “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.”

“From our leadership position in China, the tip of the spear of mobile payments, we expect to see massive growth in global cryptocurrency adoption habits in the near future,” Jaime Gonzalo, vice president of Huawei’s mobile services is also quoted as saying.

Huawei has been reported as considering integrating more blockchain-friendly features into in the future, including a potential team-up with Sirin Labs to utilise parts of its Sirin OS. It has also moved into offering blockchain-powered facilities as part of its cloud computing services.