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LG Working On A Cryptocurrency Wallet Suggests Patent

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LG Working On A Cryptocurrency Wallet Suggests Patent

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With the rise in the popularity of cryptocurrencies since the last few years; many major smartphone OEMs have also tried to take advantage of the trend. Taiwanese electronics giant HTC launched its Exodus handset which is based on the blockchain technology for trading and buying cryptocurrencies. Samsung also launched a wallet supporting the currencies with its Galaxy S10 lineup of devices. Now, reports of another major smartphone manufacturer getting into the cryptocurrency market have surfaced online. Latest patent filings by LG reveals it is working on a cryptocurrency wallet for use in its devices. It will be called the ThinQ Wallet and may be introduced soon.

LG ThinQ Wallet

LG ThinQ Wallet

As mentioned above, LG has filed for a patent for a cryptocurrency wallet called the ThinQ Wallet. The patent was filed at the USPTO (The United States Patent and Trademark Office). The description of the listing mentions it is a software for smartphones that specialises in payments. It will use blockchain technology, which is what all the cryptocurrencies are based on. Using it, the company is working on a digital wallet for the currencies, so they will work as a traditional wallet application which specialises in cryptocurrencies like Bitcoin and Ethereum.

LG

LG G7 ThiNQ

Also read: Galaxy Note 10 Will Allegedly Support 20 W Wireless Charging, First On A Samsung Device

The name ThinQ is used by LG in products that boast of some form of Artificial Intelligence technology; so it may be the case that the wallet when launched will feature AI as one of its features. It is speculated that the company may introduce the ThinQ Wallet alongside a flagship smartphone in the following weeks. Unfortunately, more details about the upcoming device or the cryptocurrency wallet are unknown at the moment. However, the patent listing suggests that we may not have to wait too long to hear about them.

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About The Author
Yashonil Gupta
Yashonil Gupta
Easily Distracted By Meta Objects, Movie Nerd And Theory Inventor. Yash Covers All Tech at iGyaan