Samsung Asks UK Trademark For Crypto Wallet

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Samsung, South Korean based electronics company is seeking a trademark in the United Kingdom for a digital currency wallet. On December 27, the U.K. Intellectual Property Office announced the filing on its website.

Samsung defined in Classes and terms section of the application:

“Such developments 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.”

There have been rumors that Samsung has also planned to add a cryptocurrency cold wallet on its Galaxy S10 smartphone. On December 10 Samsung filed three European Union trademark applications for blockchain and cryptocurrency- related software.

According to reports, recently HTC, the Taiwanese based company announced that it would launch its much-hyped blockchain phone, the Exodus 1. People will have to sign up to the website for preorders. The new phone will have a wallet which is kept in a secure area protected by the Android OS. The wallet can hold the keys and users’ cryptocurrencies. People can buy Exodus 1 only using Cryptocurrencies such as Bitcoin or Ethereum.

Recently reports also said that Samsung is producing chips that are designed to mine cryptocurrencies.

Meanwhile, the company announced:

“In the first quarter, earnings are expected to rise on the ramp-up of 2nd generation 10nm process products for this year’s flagship smartphones and growing demand for cryptocurrency mining chips.”

Nishanth Shetty

Nishanth Shetty is a technical writer, author and a crypto-advisor working at Cryptofame. Based in the city of dreams, Mumbai, on the west coast of India. He holds a bachelors degrees from Mangalore University. Nishanth has a myriad experience of technical writings for tech brands. His interests include technology, travel, and food.