Samsung Files for a Cryptocurrency Wallet in the UK

December 31, 2018 | AtoZ Markets – South Korean electronics giant Samsung has recently filed for a cryptocurrency wallet at the U.K. Intellectual Property Office.

The electronics giant showed in its filing paper presented on Dec. 27th, an interest in registering a trademark in digital currency venue in the United Kingdom.

In its application, Samsung identified its new milestone as a “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.”

Recently, the company refuted rumours that said it was planning to build a cryptocurrency cold wallet in its Galaxy S10 smartphone.

More smartphone companies are going the blockchain way

The news Samsung denied, were not faraway from other smartphone companies’ development plans, like HTC did in its latest phone Exodus 1, which shipped with the built-in cryptocurrency wallet Zion, which was said to have been equipped with an advanced technology that consolidates the user’s security their funds safety, with an integrated function for restoring the private keys in case of loss, as well as supporting variant cryptocurrencies like Bitcoin and Ethereum,  as AtoZ Markets reported on October 23rd.

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In a similar context, the South Korean company filed in the near past for three European Union trademark applications for blockchain- and cryptocurrency- related software.

Likewise, last month, the blockchain-focused electronics supplier SIRIN Labs announced launching its first blockchain-based smartphone, which held the name of FINNEY.

The phone, which was reported to have been released with a cold-storage crypto wallet and encrypted communications functionalities, was developed depending on both the Android OS and SIRIN’s open-source operating system, SIRIN OS.

Over the last period, Samsung has shown a significant interest in the blockchain technology and digital assets, where among its pursues on the aforementioned line, the company introduced its blockchain certification tool for banks, which aimed for replacing the old certification system at banks, as AtoZ Markets reported on Aug. 28th.

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