Huawei Signs Strategic Agreement with Chinese Central Bank Digital Currency Research Arm | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Per a November 4, 2019, statement from Huawei’s WeChat channel, the multinational telecom titan has signed a strategic cooperation agreement with the People’s Bank of China (PBoC) – China’s central bank.
Huawei Making Its Presence Felt in the BlockSphere
Huawei, a China-based telecom conglomerate that recently made its way to global newsrooms as a result of the U.S.-China trade war has entered into a business agreement with the PBoC.
According to sources in the know, Fan Yifei, Deputy Governor, PBoC, attended the signing of a fintech research cooperation agreement between Huawei and PBoC’s Digital Currency Research Institute. The said signing took place in Huawei’s headquarters in Shenzen.
Although the official announcement doesn’t shed much light on the nitty-gritty of the strategic cooperation agreement, it cements Huawei as a major player in the ever-evolving distributed ledger technology (DLT) space.
BTCManager reported in May last year how the third-largest manufacturer of mobile phones in the world had decided to release the bitcoin wallet of BTC.com in its AppGallery.
The Chinese multinational has also made significant strides in the blockchain smartphone space to leverage the benefits of the emerging technology for handheld devices. In March 2018, Huawei partnered with Israeli fintech startup Sirin Labs to develop the world’s first blockchain smartphone named “Finney.” Notably, Finney managed to get an endorsement from the legendary Argentine football star Lionel Messi.
On a more recent note,