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Huawei adds a bitcoin wallet to its app store even as China cracks down
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Huawei adds a bitcoin wallet to its app store even as China cracks down on trading Bitstamp Xrp Wallet

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Bitstamp Xrp Wallet,Huawei adds a bitcoin wallet to its app store even as China cracks down on trading
Huawei adds a bitcoin wallet to its app store even as China cracks down on trading

Huawei has teamed up with BTC.com to add the latter's bitcoin wallet to its new AppGallery.

The move comes as China cracks down on speculative trading in the cryptocurrency market.

Bitstamp Xrp Wallet,Huawei adds a bitcoin wallet to its app store even as China cracks down on trading
Bitstamp Xrp Wallet

wallet on its app store for the first time, allowing Chinese consumers to hold virtual currencies even as Beijing steps up regulation on the nascent industry.

The Shenzhen-based Chinese smartphone maker has teamed up with BTC.com, an online platform for cryptocurrency investors, miners and developers, to add BTC.com's crypto wallet to Huawei's new AppGallery.

Bitstamp Xrp Wallet,Huawei adds a bitcoin wallet to its app store even as China cracks down on trading
Bitstamp Xrp Wallet

— a form of fundraising for cryptocurrency start-ups — last year, and has

Bitstamp Xrp Wallet,Huawei adds a bitcoin wallet to its app store even as China cracks down on trading
"Cryptocurrencies have recently expanded the human understanding of digital economy at a large scale, "Cryptocurrencies have recently expanded the human understanding of digital economy at a large scale Bitstamp Xrp Wallet , vice president of Huawei Mobile Services, said in a statement Friday.

"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."

Digital cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin.

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.

Huawei's AppGallery will be pre-installed on all new Huawei and Honor phones and will be rolled out to other devices in the second quarter.

and other mobile devices than watching television for the first time this year, according to research by eMarketer. Mobile payments are hugely popular in the country, with homegrown companies like Alibaba's Ant Financial and JD.com's JD Finance providing digital payments and lending services.

Huawei is the world's second largest phone manufacturer, according to

. But the firm has come under increased scrutiny in the U.S., with top intelligence chiefs accusing it of having the ability to spy on consumers. It has struggled to find a carrier in the U.S. that will allow it to sell its phones.

WATCH: A rare look inside Chinese smartphone giant Huawei's headquarters

A rare look inside Chinese smartphone giant, Huawei's headquarters

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Bitstamp Xrp Wallet,Huawei adds a bitcoin wallet to its app store even as China cracks down on trading
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