Samsung has applied for a new crypto wallet trademark in the UK.The trademark application was filed in the intellectual property office of the United Kingdom on Thursday, 27 December.
Samsung stated in its registration documents that the trademark includes a crypto wallet on the smartphone side, on the tablet side, on the home computer side, and a mobile phone with a crypto-wallet function.
Samsung said it was well prepared for encryption：
The trademark is used as a cryptocurrency wallet computer software; computer software that uses blockchain technology for cryptocurrency transfers and payments; software for smartphones that allows users to trade cryptocurrencies and pay for them through third-party applications.“
However, while Samsung has submitted three different trademark applications to the EU regarding blockchain and cryptocurrency-related applications, Samsung has denied rumors that its Galaxy S10 phone has its own crypto wallet.
This trademark application is not the first time Samsung has been exposed to the crypto space.Last summer Samsung announced that they will use CopPay (a cryptocurrency payment platform for consumers and businesses) to provide digital asset payment services for the three Baltic states (Lithuania, Estonia and Latvia).Users living in these countries can now buy smartphones, televisions, laptops, tablets and other Samsung products using virtual currencies such as Bitcoin, Ethereum, Ripple, Dash and Litecoin.
CopPay has announced：
“Our goal is to install and run millions of CopPay virtual terminals worldwide.CopPay makes it easy to serve merchants and users while attracting more new users as the crypto economy continues to grow.”
The company further said that they have “global infrastructure”, but the first condition is to obtain permission from countries for cryptocurrency payments.
Because cryptocurrency prices are strenuous, it is not unusual for traditional companies like this to actively embrace blockchain technology and cryptocurrencies.But over time, this situation began to change, with the exception of Samsung, now more companies want to participate in the crypto space.
Recently listed on the Hong Kong Stock Exchange, the wine company Madison Holding Group (Madison Holdings Group), has announced that it will acquire a 67% stake in the Japanese cryptocurrency trading BitOcean.Allegedly the purchase cost more than 30 million dollars.
Looking at China, the major internet giants also began to layout in the blockchain industry in 2018.Jingdong Zhizhen chain, Ali used for commodity traceability block chain, and Baidu’s super chain, and so on.
This suggests that although 2018 is in a bear market for cryptocurrencies as a whole, there are still a lot of companies that see cryptocurrencies and blockchain technology as the trend of the future, and act immediately when the layout blockchain industry does not need a higher cost.The more enterprises like this, the more healthy and reasonable the development of encryption technology and blockchain technology!