Here’s Why Bitcoin’s Price WILL GROW Over The Next
welcome back to another article this fine fine evening so in this article I won't be covering a Bitcoin beef that's currently going on because honestly I couldn't really find any good ones for the evening but I do have some pretty exciting information relating to Bitcoin and China that could play a big role in bitcoins future development. So I want to say right off the bat if you like this content give it an upvote share with your buddies if you would like to drop me a buck all of those things really helped me out and they helped me produce good content for all of you with that being said let's go ahead and talk about this important development in China.
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So Huawei the Chinese phone manufacturer is poised to give Chinese users easier access to Bitcoin, so users of Huawei technology mobile phones will be able to download Bitcoin wallets on their devices for the first time starting Friday. Huawei the world's third-biggest handset maker is releasing Bitcoin wallet in its app gallery., According to Alejandra dilatory Bitcoin.com’s vice president of business operations.
The Bitcoin.com wallet will be the first cryptocurrency app offered by Shenzhen based Huawei. The app gallery will be pre-installed on all new Huawei and honor phones and will be rolled out to older devices in the coming months he said.
The move will likely have the most impact in the Chinese market itself where Huawei the biggest mobile phone seller the nation has been an absolute hotbed for cryptocurrencies. The Chinese government currently blocks Androids Google Play store in some sections of Apple's iTunes, limiting access to apps like Bitcoin.com, while China has shutdown cryptocurrency trading platform sand initial coin offerings people can still own virtual currencies. It's a good thing to tap into the Chinese market Alejandra dilatory said in a telephone interview.
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. Bitcoin.com which also controls the world's largest Bitcoin mining pool is owned by mining hardware manufacturer of bit main technologies and Huawei is even considering developing a mobile phone targeting blockchain-based applications. Bloomberg News reported in March. From our leadership position in China the tip of the spear of mobile payments we expect to see massive growth in global cryptocurrency adoption habits in the near future. Jaime Gonzalo vice-president of Huawei’s mobile services said in a statement.
So I honestly think that this development by Huawei even if people can't actively trade very easily in China or if they can't purchase ICOs I still think this could make a big impact on the Bitcoin market in China overall.
Now digital payment apps in China are huge I don't think that can be stressed enough just watch any video on YouTube where people go to Chinese knockoff markets and buy items with the mobile app “WeChat”, it's a mobile payment app and for some reason, it has the name “We Chat”. I can't really figure that one out I has chat in the title and it's just I don't know but anyway they love it they use it a ton so I honestly think that Bitcoin wallets will be absolutely massive. So anyway folks let me know what you think the impact of this decision will be down in the comment section below, resteem this article with your buddies if they're nice guys or gals if they're not don't bother because they're probably jerks but that's it for me folks I'm gonna go ahead and sign off have a nice rest of the evening thank you all for reading this article see you in the next one,Bye
