New Huawei Mate 40 Phone Includes Hardware Wallet For Digital Yuan New Huawei Mate 40 Phone Includes Hardware Wallet For Digital Yuan


New Huawei Mate 40 Phone Includes Hardware Wallet For Digital Yuan

updated on:3 Nov 2020

The Huawei Mate 40 smartphone comes with an in-built wallet for China’s digital currency.

Huawei's Mate 40 smartphone comes with an in-built hardware wallet for China's Digital currency.
The release follows China's recent public experiment with digital currency in Shenzhen.

Huawei’s new smartphone, the Huawei Mate 40, supports an in-built hardware wallet for China’s central bank digital currency, the digital yuan or DCEP (Digital Currency, Electronic Payment). The smartphone is reported as the first of its kind that enables a hardware wallet for the Chinese digital currency.



The smartphone delivers hardware security and anonymity, and is reportedly also capable of initiating transactions while offline.
The announcement that the new smartphone will come with a digital yuan hardware wallet comes after China’s public trial of the central bank digital currency.There's lot to come like Bitcoin currenct, ethereum and other crypto.

Earlier this month, nearly two million Shenzhen residents signed up to take part in a digital yuan experiment. Those who signed up enjoyed a distribution of 50,000 digital gift envelopes that contained 200 yuan each.
This was reported as the first time China had experimented on digital currency with the general public, yet China has been laying the groundwork for a central bank digital currency since as early as 2014



Share this Blog with your friends


No Comments

Suggested Content

Bitcoin 'Doesn’t Fulfill Basic Properties of Money': ECB Board Member

updated on:10 Apr 2021

Isabel Schnabel, Member of the Executive Board of the European Central Bank (ECB), has described Bit

Continue Reading

Bitcoin ETF Approval Will Happen: Morgan Creek’s Mark Yusko

updated on:9 Apr 2021

Morgan Creek Capital Management CEO Mark Yusko has expressed his confidence that a Bitcoin ETF will

Continue Reading

Ukrainian Officials Own $2.67 Billion in Bitcoin: Report

updated on:9 Apr 2021

Civil servants and officials in Ukraine are holding a significant amount of Bitcoin (BTC) and other

Continue Reading

JP Morgan's Jaime Dimon: Bitcoin Regulation a ‘Serious Emerging Issue’

updated on:8 Apr 2021

The legal and regulatory status of Bitcoin and other cryptocurrencies is something that needs to be

Continue Reading

Bitcoin Toys With $60k, BNB Hits All-Time High and Ethereum Creeps Past $2,000

updated on:3 Apr 2021

It’s all systems go for the crypto market.  Binance Coin hit a new all-time high of $3

Continue Reading