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Huawei’s Mate40 smartphones to come with a new crypto feature

Huawei

China’s appreciation of blockchain technology is a well-established fact by now. As the country comes closer to launching its CBDC across the entire nation, other firms are preparing for it too. The latest example of this is Huawei, which just announced that its new line of smartphones will come with an integrated wallet for digital yuan.

A new wallet comes with Huawei’s new phone series

The new series of Huawei smartphones, known as the Mate40 series, will include an integrated wallet for China’s upcoming central bank digital currency (CBDC). The company announced this only yesterday, October 30th, on the local microblogging platform, Weibo.

The announcement revealed that users will have the ability to protect their anonymity, and control the level of it. Not only that, but they will also be able to perform dual offline transactions.

Such transactions allow smartphone users to transfer funds by touching another device, despite the fact that neither of the devices is connected to the internet.

Changes to Huawei smartphone

According to the announcement, Huawei Mate40 will be the first smartphone series that will support digital RMB hardware wallet, with hardware-level security. All of this, combined, will bring a new, safe, and convenient payment experience.

The company further announced that it will provide a free Mate40 Pro to a Weibo user who forwards their post to most people, as a reward for their dedication.

As some may know, Mate40 will utilize a new 5nm chip, which was recently revealed by Apple as part of its iPhone 12. Huawei used to rely on Kirin 9000 processors, although the country’s trade war with the US has made acquiring it and including it into new devices impossible.

The new 5nm chip technology allows for billions of additional transistors to be included into each chip, which would increase the smartphones’ processing power quite significantly.

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      A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.