BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Huawei rolls out new smartphone with a built-in hardware wallet for China’s digital yuan

Huawei rolls out new smartphone with a built-in hardware wallet for China’s digital yuan
Chinese technology giant Huawei has launched a new smartphone that supports a built-in hardware wallet for China's central bank digital currency.
In a press conference on Friday, the firm announced the launch of its Huawei Mate 40 smartphone, among other products. Yu Chengdong, Huawei's CEO for the consumer business group, said on stage that Mate40 is the first smartphone that enables a hardware wallet for China's digital yuan, known as DC/EP.
According to Huawei's Weibo post , Mate40 will deliver hardware-level security with controllable anonymity for digital yuan. As a physical DC/EP wallet, it is also said to be capable of initiating transactions in offline environments.
It's unclear at this stage if the users of Mate40 will be able to directly convert any bank savings into the physical digital yuan wallet. But Yu noted that the feature is a step to expand the usage of digital yuan on the mobile front.
In August, China Construction Bank briefly allowed users to sign up for a digital yuan wallet from within the bank's own mobile app. The Terms and Servers of the wallet indicated that China's digital yuan will also come with physical hardware wallet devices.

[caption id="attachment_82989" align="alignnone" width="690"] Huawei's new smartphone is also a physical wallet for DC/EP[/caption] © 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Cool huh? Please read the full Article: Huawei rolls out new smartphone with a built-in hardware wallet for China’s digital yuan


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News