Samsung Seeks UK Trademark For Cryptocurrency Wallet

Samsung has utilized for a U.Ok. trademark for a cryptocurrency wallet, after denying rumors it might embody a local wallet on the Galaxy S10 earlier this month.

South Korean electronics big Samsung is seemingly looking for a trademark within the United Kingdom for a cryptocurrency wallet, in response to a Dec. 27 submitting with the U.Ok. Intellectual Property Office.

In the “Classes and phrases” part of the appliance, Samsung cites such developments as “Computer software program to be used as a cryptocurrency wallet; Computer software program for cryptocurrency switch and cost utilizing blockchain expertise; Computer software software program for smartphones, specifically, software program to permit customers to switch cryptocurrency based mostly on blockchain expertise and pay by way of third social gathering’s software software program.”

The software follows rumors — subsequently refuted by Samsung —  that the corporate has plans to incorporate a cryptocurrency chilly wallet on its Galaxy S10 smartphone. Samsung filed three European Union trademark functions for blockchain- and cryptocurrency- associated software program on Dec. 10.

Earlier in December, Cointelegraph reported that main smartphone producer HTC built-in decentralized browser Brave on the HTC Exodus 1 cellphone, “the primary native blockchain cellphone” with help for a number of blockchains, together with Bitcoin (BTC) and Ethereum (ETH) networks.

Last month, blockchain-focused electronics provider SIRIN Labs launched its first blockchain-based smartphone referred to as FINNEY. Based on each Android and SIRIN’s open-source working system, SIRIN OS, the FINNEY cellphone affords a cold-storage crypto wallet and offers encrypted communications.

In October, Samsung’s manufacturing wing, Samsung Foundry, launched a brand new manufacturing technique of its 7-nanometer (nm) Low Power Plus (7LPP) course of node, which might scale back its power consumption by as much as 50 %. The chip might purportedly have constructive implications for crypto miners usings Samsung’s {hardware}, as power prices show to be a important issue within the trade’s profitability.

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