|May 12, 2018 11:42 AM||By: Jinia Shawdagor | 7207 Views|
Huawei, one of China's leading mobile phone sellers, will provide some of its users to download a bitcoin wallet beginning on May 11.
Through the company's mobile application store, known as AppGallery, Huawei customers will be capable of accessing BTC.com's bitcoin wallet, which they can use to send, receive, and save the cryptocurrency. AppGallery will be instantly available on new phones and will be expanded to older models in the coming months.
BTC.com is run by Bitmain, one of the world's top producers of hardware that is designed especially for cryptocurrency mining. The organization behind the site also surrounds the biggest bitcoin mining pool by hash rate, which, at press time, had mined nearly twice as common blocks as any other pool over the past 24 hours.
The news seems to represent a reversal of sorts because, in the past, the Chinese government has obstructed access to cryptocurrency-related apps in other mobile app stores.
In the track of an apparent ban on cryptocurrency exchanges, trading platforms that had been working in the country either shut down or moved their operations foreign by the end of October 2017. The Chinese government followed up this year by blocking exchanges' channels on the hot messaging app WeChat. Still, Chinese citizens are still allowed to own digital assets.
This latest development does not serve Huawei's first foray into the blockchain space, nor, arguably, its most important. Last month, the firm revealed a Blockchain-as-a-Service platform. In March, details began about a set of open-source software solutions that the organization is pursuing, which, it asserts, will enable people to measure the performance of various blockchain platforms and evaluate several differences between them. That same month, reports stated that the firm was staring into building a phone that would be tailor-made for working blockchain-based apps.
US leaders have speculated that Huawei's hardware could be made to facilitate spying by Chinese government agencies. Other countries have tried to keep its products out of their borders as well, including Algeria, which more recently seems to be working with the company again.