On July 2, the South Korean technology giant LG applied for a ThinQ Wallet trademark in the United States Patent and Trademark Office (USPTO).
According to the documents submitted, the trademark, among other things, relates to services related to the services of transactions and settlements, mobile banking, “issuing cyber-money” and “software for paying mobile phones”. ThinQ is a brand used for the first time by an intelligent refrigerator, which was presented by the company in 2011 at the consumer electronics exhibition. Currently they also released several smartphones under the brand ThinQ.
A trademark may mean that LG is committed to competing with Samsung. In May, it was reported that the latter intends to implement cryptocurrency and blockchain functions, including a wallet, in its budget smartphones.
As previously reported, LG CNS, a subsidiary of LG Corp., will use its patented blockchain platform to increase the transparency of the supply chain for school lunches in the cafeteria.
In May, the Taiwanese consumer electronics giant High Tech Computer (HTC) launched the exchange of tokens in the ERC20 wallet for users of its Exodus 1 smartphone as a result of a partnership with Ethereum (ETH), a decentralized Kyber Network exchange.