BTC.com is a web wallet originally created by Blocktrail and now owned by Bitmain Technologies, which sells Bitcoin miners using its ASIC chip technology. It means that smartphones users will have a chance to download Bitcoin wallets on their devices. Alejandro de la Torre, BTC.com's vice president of business operations confirmed the information.
The Shenzhen-based company has reportedly teamed up with BTC.com to add the firm's bitcoin wallet to AppGallery.
The launch of BTC.com, which has transacted billions of Dollars worth of BTC and BCH over the past few years, on Huawei paves the way for many Chinese smartphone owners to gain first-time access to a mobile bitcoin wallet. BTC says the Huawei AppGallery will be pre-installed on all new Huawei and Honor phones, starting with Huawei P20, and will be rolled out to older devices during Q2 2018.
This move from Huawei most notably impacts the Chinese market, which doesn't exactly have a track record of being cryptocurrency friendly. The Chinese government blocks Android's Google Play Store as well parts of iTunes limiting access to apps from around the world. "China is nearly a "cashless economy" today, accounting for nearly 62% of all global mobile transactions".
Bloomberg reported in March that Huawei was considering developing a mobile phone that can run blockchain-based applications.
The world's third largest handset maker will be releasing BTC.com's wallet in the AppGallery.
At the same time vice president of Huawei's mobile services Jaime Gonzalo also has a lot of expectations.
"Cryptocurrencies have recently expanded the human understanding of digital economy at a large scale". The move will notably affect Chinese users, where Huawei has a market share of about 20.4 percent. "We expect to see massive growth in global cryptocurrency adoption habits in the near future.". Bitmain is also the world's largest mining pool with mining power of 7953 PH/s at the time of writing this article.