The Chinese phone producer Honor has launched its newest Snapdragon-powered phone with help for the digital yuan (e-CNY), setting an essential milestone in its aim of creating a {hardware} wallet for cryptocurrencies. .

Honor Magic 3 is inflicting a fever within the market

Magic 3 will help Yuan digital {hardware} wallet and shall be primarily based on Qualcomm’s newest Snapdragon 888 chip, Honor CEO George Zhao mentioned throughout yesterday’s launch occasion.

In its newest whitepaper, the Central Bank of China mentioned {hardware} wallets include {hardware} safety in contrast to software program wallets, that are apps.

The PBoC has promoted new {hardware} purposes of the digital yuan, expertise firms and banks have launched many new units, together with ATMs and molded {hardware} wallets, cash, strolling sticks, and even gloves.

(*3*)

You pays with these gloves

Honor was Huawei’s low-cost smartphone model till November 2020, after which the Shenzhen-based large needed to promote it to bypass US sanctions.

Guan Zhong

According to Coindesk

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