China and Bitcoin taking vows again?

[bL4nkcode]

I personally don't think so. People are used to buying phones with lots of bloatware in it(those apps that are there that you can't uninstall, and that you never actually use). This bitcoin app they're adding just might fall unto the bloatware category. Yes, it's going to be there and people are going to see it. But I don't think much people would actually act on it and be curious about it. Any publicity is good publicity though, so I'd still say this is good news.

In the article mentioned that the pre-installed wallet is from BTC.com's wallet so it might be secured though it might be not since I don't use their wallet and no experience at all but still a good news.

i think this is a good news because when company like huawei advertising for bitcoin most of people in china invest into bitcoin and value of bitcoin is increased day by day.

Just don't forget that China banned cryptocurrency including bitcoin. So I don't know how Huawei had come up this idea since they know about the rules and law on their country about cryptocurrency since they are china-based.

[1714667819]

1714667819

[1714667819]

1714667819

[1714667819]

1714667819

[pitiflin]

Its just a wallet. China has NO ROLE in this. Don't mislead users to something that is not exactly true. China has not entered the markets,this is mere FUD. China has nothing to do with this,as Hauwei were on its own,by just pre-installing a software on their phones. China has still imposed regulations and has still banned crypto.

[ladydark]

If i'm not wrong,huwai is from Korea and huwai installing bitcoin wallet has nothing to do with increase in the adoption of bitcoin.

[cahbagus555]

We all know for a very long time China has been up in arms against bitcoins, it used to a bitcoins friendly country and suddenly they changed the rules and brought in regulations. Today one of the biggest manufacturers of mobile phone i.e. Huawei is pre installing btc wallets in their phones and that's a huge development and if I must say the Chinese are back with a bang. I'm expecting this shall surge the prices in the coming days.

Link for your reference: https://cointelegraph.com/news/huawei-releases-bitcoin-wallet-in-app-store-pre-installed-on-all-new-smartphones

What do you make of it, will prices rise (my guess yes), or a ploy to sell their product?

China right now is biggest market in the world. I hope China government allowing bitcoin or cryptocurrency transaction and if they allowed, I am believe cryptomarket will rising again and back to highest market cap.
I think huawei or china's manufacture just see the opportunity in cryptomarket, but they should be have a trust on crypto, thats why they make bitcoin wallet pre-installed on their phone

[zhanyiguai261315]

Huawei's BTC wallet is open to users outside China! BTC is forbidden in China!

This is just a marketing strategy for huawei's mobile phone, which can attract people's attention only if it is related to the block chain in this era.

[Mpamaegbu]

Preinstalling btc wallet is not a good move IMO since NOT EVERYONE WHO BUYS A HUAWEI SMATPHONE KNOWS HOW TO USE A BITCOIN WALLET.

Just like not everyone who owns an iPad or Android phone knows how to use the general facilities and apps installed. But that doesn't and shouldn't stop the manufacturers from making such hi-tech phones. For instance, my mum uses an Android phone but the only thing she does on it is make and receive calls. So?

What do you make of it, will prices rise (my guess yes), or a ploy to sell their product?

To start with, I think price will soar soon for this news. But truth be told - To Hell With China!

Its just a wallet. China has NO ROLE in this. Don't mislead users to something that is not exactly true. China has not entered the markets,this is mere FUD. China has nothing to do with this,as Hauwei were on its own,by just pre-installing a software on their phones. China has still imposed regulations and has still banned crypto.

I guess you meant FOMO, not FUD.

[Kakmakr]

They will be using the BTC.COM wallet and we know who is behind that, right? Yes you guessed it, Bitmain Technologies. So for the conspiracy theory buffs out there, this one will be a good topic for world domination. Will they also slip in some code to give Chinese users a little advantage over the rest of the world, like they did with the mining?  <AsicBoost>

They can keep their Bloatware, I will install my own wallet, not connected to Bitmain.