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Samsung is looking for crypto wallet trademark in UK

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Samsung, the South Korean electronics company is trying to obtain a trademark for a cryptocurrency wallet in the United Kingdom, as per the filings with the U.K. Intellectual Property Office on December 27.

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Under the section titled, “Classes and Terms” Samsungs mentions such development as “Computer software for use as a cryptocurrency wallet, Computer software for cryptocurrency transfer and payment using blockchain technology, Computer application software for smartphones, namely, software to allow users to transfer cryptocurrency based on blockchain technology and pay via 3rd party’s application software.”

The company has filed for three European Union trademark applications based on cryptocurrency and blockchain technolgy software as of December 10.

This development comes after the rumors refuted by Samsung that they were planning to integrate cryptocurrency cold wallet on its smartphone Galaxy S10.

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Earlier this yeat\r, one other electronic manufacturer HTC included the decentralized browser Brave on its Exodus 1 smartphone.

In another instance towards integrating blockchain into smartphones, SIRIN Labs last month launched a smartphone called FINNEY. SIRIN 0S, its native operating system together with Android offers an encrypted communication and cold-storage options in FINNEY.

Last October, under its production wing, Samsung Foundry the company launched a fresh production process for 7-nanometer (nm) Low Power Plus (7LPP) process node, which is capable of reducing its energy consumption to nearly 50%. This development could mean big for miners using Samsung’s hardware, as most of the industry is struggling to maintain profitability under high energy cost.

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