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Samsung looks forward to gaining UK Trademark For Cryptocurrency Wallet Coin

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According to a filing with UK Intellectual Property Office on December 27, Samsung, a South Korean Mobile giant is looking for a trademark in the UK for a crypto wallet. In the application submitted, Classes and Terms section of the document states such developments 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 application software.’

There have been rumours concerning the application submitted that Samsung intends to launch a cryptocurrency cold waller on its new Galaxy s10 smartphone, which was eventually denied by the mobile phone giant. On December 10, three European trademarks were filed by the mobile giant related to blockchain and cryptocurrency.

It was reported earlier that HTC, a major smartphone company will be integrating Brave, a blockchain related decentralised browser on its upcoming HTC Exodus 1. Brave is the first ever blockchain phone and provides support for various different blockchains including BTC (Bitcoin) and ETH (Ethereum).

SIRIN Labs, a blockchain related electronic supplier, launched FINNEY, a blockchain based smartphone both on Android and SIRINS own open-source operating system. FINNEY intends to deliver encrypted communications and offer a cold storage crypto wallet.

Samsung Foundry, a production wing of Samsung; floated a production process -7-nanometer low power process node intended to bring down consumption of energy by 50 per cent. This chip could have a positive connotation for crypto miners who use Samsung’s hardware since the cost of energy in the process has proven to be the factor responsible for the industries reduced profitability.

 

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