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New Huawei Mate 40 smartphone will feature a hardware wallet for digital yuan.

The Mate 40 line of devices will presumably enable dual offline transactions and allow consumers to control anonymity.

As reported by cointelegraph.com on October 30.2020, Huawei has announced that its forthcoming Mate40 smartphone series will include an integrated hardware wallet for China’s central bank digital currency, the digital yuan.

The users will be able to control their anonymity and perform dual offline transactions. These enable mobile phone users to transfer funds easily by touching their devices together, even if both are offline.

Huawei is also offering a free Mate40 Pro to the Weibo user who forwards the post to the most people.

The Mate40 is the first Huawei smartphone to utilize 5nm chip technology. Also, the technology allows billions more transistors to be packed onto a single chip, considerably increasing the potential power.

China’s digital yuan is already in the testing stages, as several countries vie to be the first to launch a CBDC.

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