This year has been a huge year for Cryptocurrency and Blockchain technology as many household tech companies embrace the technology and new news reaching the ecosystem shows that tech giant LG corporation may be at work on its first major project for the crypto space in form of a Crypto Wallet.
A trademark application recently filed by the company suggests that it could be in the early stages of developing a crypto wallet.
The application filed with the U.S. Patent and Trademark Office is for a product called ThinQ Wallet. A list of uses includes “Transaction authorization and settlement services…Providing information relating to financial and monetary affairs…Financing services…Payment and receipt of money as agents…Issuance of cyber money”.
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Detailing what products the trademark itself will be used for, the filing lists a large number of software solutions and different types of hardware, as well as explicitly mentioning a “Mobile electronic crypto wallet for cryptocurrency”.
The ThinQ trademark itself is currently used by LG for its AI-related products.
The South Korean conglomerate could well be expanding this range to include blockchain and crypto-related solutions, with a crypto wallet being perhaps the most significant breakthrough.
A number of other leading electronics companies have started to get involved with blockchain and crypto wallet over the last year or so.
HTC was the first major mobile device manufacturer to get in on the action, launching its Exodus 1 blockchain phone earlier in the year.
Samsung has also made some moves, partnering with Enjin (ENJ) and investing in crypto wallet company Ledger.
Facebook as well with their Crypto wallet Calibra and the currency Libra which has so many controversies at the moment.
