LG to Create Its Own Cryptocurrency Wallet

The company has already applied for registration of its ThinQ Wallet trademark. The digital wallet was earlier implemented in Samsung’s Galaxy S10 smartphone. The company is also creating a cryptocurrency support system in Samsung Pay.

LG has filed an application for the registration of its ThinQ Wallet trademark. The details are not yet known, but there are several most likely scenarios for using the new trademark: as a digital money wallet, a payment system or a blockchain platform.

Today, the trademark is already used in the company’s flagship G7 +. Future LG devices may also be closely integrated with cryptocurrency applications.

The South Korean company first showed interest in the blockchain industry in 2017, when it created a platform using Corda payment system developed by R3. And recently, LG’s subsidiary has disclosed its plans to use Corda to control food product supplies to school canteens.

Showing interest in decentralized applications, LG is competing with Samsung, another South Korean company with a strong focus on that area.