Samsung Files UK Trademark Titled ‘Samsung Crypto Wallet’
South Korean electronics giant Samsung may integrate a cryptocurrency wallet into its smartphones, according to a trademark filing submitted to the U.K. Intellectual Property Office on Dec. 27.
The trademark UK00003363431 titled “Samsung Crypto Wallet” Largely supports the speculations of the up-coming cryptocurrency-equipped smartphone.
According to the “Classes and Terms” section of the trademark application, Samsung a list of goods that may be developed based on the crypto wallet trademark, including:
“Smartphones; Tablet computers; Portable computers; Mobile telephones; Computer software; 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.”
Early this month, rumors circulating Samsung due to the firm has filed three trademark applications with EU regulators for blockchain and cryptocurrency software, including the Blockchain KeyStore, Blockchain key box, and Blockchain Core.
As thus, some sources speculated that the electronics giant is about to offer a cryptocurrency cold wallet on its upcoming Galaxy S10 smartphone.
However, Samsung refuted these assumptions on Dec. 12, saying: “Unfortunately we are unable to provide any information as the below is rumor and speculation.”
Although it is common practice for corporations to prolifically file patents and register trademarks, and most of them will not result in a product being brought to market, Samsung still has great motivation in doing so.
Currently, the bar for blockchain-based smartphone sits pretty low. As the digital assets getting more and more popular, Samsung may capture the crypto smartphone market once it steps in.
Actually, the South Korean giant has already engaged into crypto mining industry by launching its 7-nanometer (nm) LPP (Low Power Plus) that uses extreme ultraviolet (EUV) technology on October.