Technology giant Huawei announced yesterday that its newly launched smartphone (Huawei Mate 40) has a built-in digital wallet that will allow users to store, send and receive China’s national digital currency.

When announcing the features of the “Mate 40” series in a post on Weibo . websiteHuawei said the device is the first smartphone to support digital yuan via a hardware wallet.

Huawei has indicated that its users will enjoy the benefit of storing cryptocurrencies at the hardware level with the ability to control their anonymity.

Users can also perform double transactions using the new Mate 40 phone, and they can also send and receive payments offline.

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According to Huawei, the device offers a new secure and convenient payment experience for users.

To celebrate the launch of the new smartphone, Huawei said that it will offer the Mate40 Pro free of charge to Weibo users who share the post with an even bigger announcement of the phone until November 6, 2020.

Huawei’s cooperation with the Chinese Central Bank:

Huawei is an active player in the blockchain industry, and the company continues to develop its own blockchain capabilities.

In November 2019, Huawei signed a strategic partnership with the Cryptocurrency Research Unit of the Central Bank of China.

Last month, digital yuan coins were distributed for the real experience among users, which means that China is one step closer to fully launching its new digital currency.

Samsung leads the way in smart phones powered by the blockchain technology:

Huawei is not the only company exploring a new generation of blockchain-enabled smartphones with built-in digital wallets.

Companies such as LG and cryptocurrency exchange Huobi have also entered the blockchain-enabled smartphone market, with Samsung taking the lead.

Samsung released its first crypto-friendly phone in 2019, which provided support for Bitcoin, Ethereum and ERC-20 coins.

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Since then, Samsung Electronics has expanded the interaction of its phones with cryptocurrency and blockchain services.

Back in May, the company partnered with Gemini, a US-based cryptocurrency exchange, to allow users to connect to the Gemini mobile app without having to log in again.

Last July, Samsung added Stellar and Decentraland to its own digital wallet, Keystore.

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