Phone maker Huawei adds bitcoin wallet to AppGallery

Huawei Technologies Co Ltd, the world's third-largest mobile phone maker, is taking a major step toward commercializing blockchain technology with the release of a bitcoin wallet on its AppGallery.

Developed by BTC.com, a major web wallet for the cryptocurrency, the app will be pre-installed on all new Huawei smartphones from May 11, Bloomberg reported. It will be available to download on older handsets at a later date.

Bloomberg quoted Alejandro de la Torre, vice-president of BTC.com, as saying: "It's a good opportunity to tap into the Chinese market. 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."