Huawei is set to release a new smartphone that will offer a wallet for users of China Digital Yuan. They made this announcement yesterday the 30th of October through the Huawei Post and it has put the crypto community in a state of anticipation.
This new smartphone from Huawei is part of its Mate40 series of smart devices that comes with hardware-level security. The company is giving out this Mate40 Pro for free to any Weibo users to forward their posts to a higher number of people.
The Mate40 smartphone for digital yuan is the first of its kind. There hasn’t been a smartphone with a hardware wallet and users of China’s central bank currency can perform their transactions on the go. With the smartphone, users of the digital Yuan can perform double offline transactions and also control anonymity.
They can do everything they want with their digital yuan even when they’re offline. Users can transfer yuan by touching two devices together and that’s it. They don’t need to have active internet to facilitate the transfer. Also, users will no longer have issues with protecting their identities. This device gives them more control to perform their transactions without revealing their identities.