China's Smartphone Giant Huawei Releases BITCOIN CASH Wallet In App Store, Pre-Installed On All New Smartphones
Lots of people are reporting that Huawei is pre-installing a "Bitcoin Wallet" on all its smartphones, which makes it sound like the wallet only supports Bitcoin BTC.
In reality, Huawei is adding the BTC.com wallet to its new App Gallery, pre-installed on all Huawei smartphones.
And the BTC.com wallet (owned by Bitmain & Jihan) supports both Bitcoin BTC & **Bitcoin Cash**. It is the first crypto wallet to be listed on Huawei's app store.
This will further make it a 2-horse race between BTC & BCH, which is what we want, since median transaction costs for Bitcoin BTC are [20-200 times more expensive](https://i.imgur.com/wTDjdCE.png) than for Bitcoin Cash.
- Huawei has teamed up with BTC.com to add the latter's bitcoin wallet to its new AppGallery.
- The AppGallery will be pre-installed on all new Huawei and Honor phones and rolled out to other devices in the second quarter.
- Huawei has released a bitcoin wallet on its app store for the first time...
...BTC.com said in a statement that it was difficult for Chinese consumers to have access to a cryptocurrency app of any kind as Google's app store is blocked in China. The firm's wallet only supports bitcoin and an offshoot of the world's largest cryptocurrency called **bitcoin cash**.
...The companies want to usher in “millions of new cryptocurrency users” and make it easy for them to send or receive BTC and **BCH** among friends. Consumers can also join a bitcoin mining pool that’s backed by industry leader Bitmain.
“BTC.com is democratizing Bitcoin by breaking down barriers to entry and ensuring new users can access Bitcoin and **Bitcoin Cash** in a simple, secure and trusted environment,” said Alejandro de la Torre, VP of Business Operations, BTC.com. “China is almost a ‘cashless economy’ today, account...