Big corporate companies are starting to hear phrases like ‘cryptocurrency’ and ‘blockchain’ which is leading them to jump on the bandwagon in an attempt to generate publicity… not that we’re complaining! As more institutions get stuck in with the crypto space and the technology behind it, mainstream adoption from the public is bound to see an increase.
Some of these corporate firms are from the smartphone industry inclduing Samsung and HTC. These two manufacturers have been involved with cryptocurrency for a while and now a once big-time competitor of the firms is making a comeback as they finally move into blockchain too, LG.
According to a news source from South Korea, IT Chosun, LG is expected to follow in the footsteps of Samsung and HTC and join the crypto space with its own blockchain smartphone.
The report highlights an official within the space said, "LG is likely to respond to Samsung's innovation initiative."
As reported by CCN:
“Earlier this year, after Samsung released its decentralized app store, Blockchain Keystore, LG filed a trademark application for the name ThinQ Wallet in the U.S. Patent and Trademark Office. According to the filing, LG's crypto wallet is expected to offer services such as financing, settlement, mobile and internet payment services, and a mobile wallet.”
Considering these android phones are all taking the leap towards crypto and Apple is still on the sidelines with no hint of entering the space is astounding. Even as the Apple event happened yesterday, there’s still no sign or mention of blockchain tech.
The founder of Binance's Trust Wallet, Viktor Radchenko said the following:
“I definitely think Samsung is moving in the right direction in terms of crypto adoption. Apple does the opposite, trying to suppress adoption and limits users to functionality and rejects some crypto apps.”
It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!