Chinese telecommunications giant Huawei is joining those helping drive the adoption of cryptocurrencies among the general public. The company’s recently launched app store, called AppGallery, is getting its very first crypto wallet app to make it that much more accessible to all folks who bought one of the newer Huawei devices.
As for those with older Huawei phones, they will have to download the AppGallery first and only then access the app.
Partnership with BTC.com
The Chinese company has teamed-up with BTC.com, which is owned by mining giant Bitmain that tracks cryptocurrency mining and block information, while also providing a digital wallet service.
As noted above, BTC.com’s app won’t come preloaded on new Huawei devices; rather it’s the AppGallery that is shipping preloaded on the latest smartphones made by the Chinese giant. Nevertheless, it is an important move, one that could get more people to use this new kind of money.
“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,” said Dr. Jaime Gonzalo, vice president of Huawei Mobile Services.
For what it matters, Huawei is also active in the blockchain space… which brings us to the second part of the article.
Huawei offers a Blockchain-as-a-Service (BaaS) platform
In mid-April, the company launched its blockchain-as-a-service (BaaS) platform. Simply called Blockchain Service, it promises to help companies develop smart contracts on top of a distributed ledger network for several use-case scenarios.
Those uses cases include supply chain, tokenized securities assets, and public services such as ID verification and financial auditing. The solution is based on Hyperledger Fabric 1.0, which makes it ready for enterprise application development.
Huawei is by no means the only player in Chinese blockchain space; other major internet companies are on board as well — including Baidu and Tencent — both of which are also offering blockchain service platforms.