Share this article
LG May Launch Its Own Blockchain Phone: Report
Korean media organization Chosun also said LG has completed market research on dapp and blockchain providers.
Updated Sep 13, 2021, 11:25 a.m. Published Sep 10, 2019, 4:00 a.m.
Make us preferred on Google
Consumer electronics giant LG may be looking to launch its own blockchain smartphone.
A report earlier today from Korean media outlet Chosun said “LG is likely to respond to Samsung's innovation initiative," a major brand competitor. In the report, Chosun further claimed LG is having difficulty separating a potential blockchain phone from Samsung's previous releases.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Samsung released its Galaxy S10 in multiple models complete with its Blockchain Keystore. The S10 is fully compatible with ERC-20 tokens, dapps, and recently, bitcoin.
“LG has been struggling to apply blockchain to smartphones without any dissimilarity," a Chosun source continued. "I think Samsung is trying to prepare differently in the blockchain field, just as LG responded with a dual-screen when Samsung Galaxy came out with a foldable phone."
Chosun also said LG has completed market research on dapp and blockchain providers. Earlier this summer, LG applied to trademark "ThinQ Wallet" in the United States. The patent states ThinQ is purposed for a transaction, settlement, and e-money services.
LG and Samsung may be the major name brands in the field but they aren't alone.
Sirin Labs' Finney blockchain smartphone began shipments last December starting at $999 and last week Huobi Global announced the launch of its 'Acute Angle' blockchain phone in Southeast Asian markets.
LG image via Shutterstock
Más para ti
'We do not do illegal things': Inside a U.S.-sanctioned stablecoin issuer's race to build a crypto giant
Oleg Ogienko, the public face of A7A5, pitched the ruble-pegged stablecoin as a fast-growing trade rail built to move money across borders despite sanctions pressure.
Lo que debes saber:
- Oleg Ogienko, the public face of ruble-denominated stablecoin issuer A7A5, insists the firm complies fully with Kyrgyz regulations and international anti-money-laundering standards despite extensive U.S. sanctions on its affiliates.
- A7A5, whose issuing entities and reserve bank are sanctioned by the U.S. Treasury, has grown faster than USDT and USDC and aims to handle more than 20 percent of Russia’s trade settlements, primarily serving businesses in Asia, Africa and South America trading with Russian partners.
- Ogienko said that he and his team were developing partnerships with blockchain platforms and exchanges during Consensus in Hong Kong, though declined to name specifics.
Top Stories
