Huawei’s Upcoming Mate40 Smartphone Series To Include Hardware Wallet For China’s Digital Yuan
Huawei’s Upcoming Mate40 Smartphone Series To Include Hardware Wallet For China’s Digital Yuan
November 3, 2020
Huawei’s Upcoming Mate40 Smartphone Series To Include Hardware Wallet For China’s Digital Yuan
Huawei’s Upcoming Mate40 Smartphone Series To Include Hardware Wallet For China’s Digital Yuan
November 3, 2020

Huawei has announced that its upcoming Mate40 smartphone series will include a hardware wallet for China’s CBDC, the digital yuan.

On October 30, it has been reported by an official Huawei post on the Chinese microblogging website Weibo that this will be the first smartphone to feature such a wallet.

However, the post also promises that users will be able to control and protect their anonymity and perform dual offline transactions, as these enable mobile phone users to transfer funds simply by touching their devices together, even if both are offline.

The report stated:

“#HuaweiMate40# series is the first smartphone that supports digital RMB hardware wallet, hardware-level security, controllable anonymity protection, dual offline transactions, bringing a new safe and convenient payment experience.”

Likewise, Huawei is also offering a free Mate40 Pro to the Weibo user who forwards the post to the most people.

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The Mate40 is the first Huawei smartphone to utilize 5nm chip technology, as recently debuted on Apple’s iPhone 12. The technology allows billions of more transistors to be packed onto a single chip, significantly increasing the potential power.

Due to the ongoing trade war between the United States and China, Huawei will be unable to acquire or make more of its Kirin 9000 processors once its current stockpile runs out.

Moreover, China’s digital yuan is reportedly already in the testing stages, as several countries to be the first to launch a CBDC.

Thus, one of the major drivers behind China’s accelerated development of its digital currency is to act against the influence of the US dollar in global trade.

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Source: Cointelegraph | Image: Dxomark


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.