Latest Huawei smartphone to feature a hardware wallet for digital yuan. Huawei has announced that its Mate40 smartphone series will include an integrated hardware wallet for China’s central bank digital currency, the digital yuan.
According to Huawei’s post on Weibo’s website on Oct 30, this will be the first ever smartphone to feature such a wallet. The post also promises that users will be able to monitor their privacy and secure them and conduct dual offline transactions. These allow cell phone users, even if both are offline, to pass funds simply by touching their devices together.
“#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.”
Huawei is also putting The Mate40 up for grabs to a Weibo user, who has the shares the post the most. The Mate40 is, as recently debuted on Apple’s iPhone 12, the first Huawei smartphone to use 5 nm chip technology. The technology makes it possible to cram billions of transistors onto a single chip, dramatically increasing the potential capacity.
However, 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.