Rumors Surge Regarding Collaboration Between China’s Huawei And Cold Storage Smartphone Maker

Rumors have surge indicating that Chinese company Huawei has been in serious talks with Sirin Labs to introduce its handset into the virtual currency eco-system, which will probably establish the Swiss firm’s cold storage wallet alongside its system to immediately transform fiat to virtual currency.

This arrives at a period in the US, one regulator is emphasizing carriers to remove out of the protection worries.

Huawei in talks with Sirin lab?

This week in Bloomberg speculation rose about Huawei partnering with Sirin lab to differentiate its products with a “crypto-savvy phone operating system, which permits it to offer cold storage and a method to immediately transform fiat to virtual currency.

According to Bloomberg, Huawei technologies ltd state “is considering developing a mobile phone that will be able to run a blockchain-based application, according to two people familiar with the plans”. In addition, execution by the form of Sirin Labs’ SIRIN OS would correspond the headsets current Android software. Sirin posted on Twitter and pushed Bloomberg’s story even though both parties has not confirmed negotiations properly.

Chinese Company Huawei

Sirin lab is well-known for the Solarin smartphone introduced in 2016, with a retail price of USD 16,000 and most currently, last year’s successful initial coin offering (ICO) to prepare to introduce a smartphone which consists of an embedded cold storage function and a method to change fiat to crypto automatically. At the moment, 25,000 totals the number of phones that have already been preordered.

US Carriers encourage to drop Huawei

According to a report, during February Sirin Labs’ Telegram indicated that the preparation would introduce the premier raid of a top smartphone manufacturer involve in Blockchain, the distributed ledger utilize to post virtual currency transaction, prospectively connects the technology nearer to the global market. Further quote by Siri labs states that “Amazing meeting just concluded between Sirin Labs and Huawei. Among other things discussed was the possibility of cooperating together to bring blockchain technology to the masses in a secure way.”

As of now, the US agency known as the Federal Communication Commision is being unease towards Huawei, having the view that the company poses a security, intelligence compromise. Evidently. Ajit Pai issued a statement suggesting a freeze on finance for individuals who utilize companies in China such as Huawei.

“Mr. Pai emphasize the stoppage of  “the use of money from the FCC’s Universal Service Fund to purchase equipment or services from companies that pose a national security threat to United States communications networks or the communications supply chain.” This is subsequent to his prior message to Congress in which he stresses taking into account the “security threat that Huawei and other Chinese technology companies pose to our communications networks.”

Presumptuous that the smartphone, cold storage wallet partnership goes as plan, the opportunity for it to ever enter the US market is slim.


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