Even I am confused. I thought China sort of disagree with the idea of cryptocurrency, how are they able to get this proposal approved by their government?
I guess this is indeed how the Chinese seem to operate. It was the same with the exchanges. They just did it, no regrets. Eventually the government said "don't do this".
Topic: China and Bitcoin taking vows again? - page 2. (Read 206 times)
It seems that this is an independent company's move, and the PRC or the Chinese banks don't have any say regarding this. It's a nice marketing strategy, considering that the talks about the blockchain tech and cryptocurrencies seem to be afloat these past few days. Unless the Chinese government release an official statement regarding their stance on their cryptocurrency, it would just be another naysay and gossip. Companies and organizations are slowly shifting towards the blockchain tech, so this might be a hint towards Huawei adopting the tech into their company and services.
China is only and only businessman which will take only and only those actions which serve the benefits in it's own favor. It will allow only such actions which are beneficial to China though those activities may cause any big loss to any country or the people of any other country.
As stated in the news the Mobile company is multinational company; so it may be possible that they are manufacturing the phones only for exports purposes which may not be allowed to sell in China.
Access to apps like BTC.com’s is limited in China as the government blocks Android’s Google Play Store and some parts of Apple’s App Store.
So expecting any favor from China may just be day dreaming.
As stated in the news the Mobile company is multinational company; so it may be possible that they are manufacturing the phones only for exports purposes which may not be allowed to sell in China.
Access to apps like BTC.com’s is limited in China as the government blocks Android’s Google Play Store and some parts of Apple’s App Store.
So expecting any favor from China may just be day dreaming.
What do you make of it, will prices rise (my guess yes), or a ploy to sell their product?
Preinstalling btc wallet is not a good move IMO since NOT EVERYONE WHO BUYS A HUAWEI SMATPHONE KNOWS HOW TO USE A BITCOIN WALLET. I think it is just a waste to do it because users can simply uninstall it if they root their phones(or if it isn't in categorized as one of the system apps). Nevertheless, I think this will help spread information about Bitcoin and how to use it.
But while huawei has pre-installed bitcoin wallets, it has no Chinese users.
So it doesn't seem to me to be a positive sign.
So it doesn't seem to me to be a positive sign.
please don't be troubling like south korea lolololo
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?
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?
Jump to: