Samsung Files for Cryptocurrency Wallet Trademark in United Kingdom for Its Galaxy S10 Phone
Getting into the cryptocurrency world is a major step for any company nowadays, especially with the security needs of the industry. Samsung has decided to become a provider for crypto wallets, based on a filing on December 27th through the U.K. Intellectual Property Office for a trademark.
Samsung uses the “Classes and Terms” section to speak on the developments that they have already made, which include:
- “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”
Though Samsung has been denying the rumors of this type of product, the application for a trademark seems to be a confirmation of it instead. Apparently, the trademark will allow consumers to use the Galaxy S10 smartphone to maintain a cryptocurrency cold wallet. So far, the crypto and blockchain software has required three separate trademark applications in the UK for Samsung.
HTC was the subject of reports for an integrated decentralized browser, Brave, hosted on the HTC Exodus 1 phone. It is being heralded as “the first native blockchain phone,” and it is meant to support multiple blockchains, which include both the Bitcoin and Ethereum networks.
SIRIN Labs, an electronics supplier that is centered around blockchain technology, announced the launch of their own FINNEY smartphone last month. The phone also is blockchain based, and it works on the Android operating system and SIRIN OS. On the device, users will have access to a cold-storage crypto wallet, which also uses encryption to protect the funds.
Samsung Foundry, the production wing of Samsung, launched a production process in October that helps to reduce the amount of energy that the company spends in the form of a chip. This chip could end up helping miners as well, as energy cost has continued to be a major issue in the industry for validating blocks.