LG Files a Patent For Crypto Wallet
Tech giant LG Corporation is supposedly working on a project for the cryptocurrency industry; it seems that the company is at the early stage of developing a cryptographic 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."
The application also lists a large number of software solutions and various types of hardware, including a “mobile electronic wallet for cryptocurrency”. The ThinQ trademark itself is currently used by LG for products related to artificial intelligence. The South Korean conglomerate could easily expand this range to include the blockchain and cryptographic solutions, and the wallet is probably the most remarkable item.
Image courtesy of Cryptolithy
Back to the list