Samsung Denies Rumors of Launching Cold Storage Crypto Wallet for Galaxy S10 Smartphone

Samsung, a South Korea-based multinational conglomerate, has refuted claims that it will offer a digital currency cold wallet on its Galaxy S10 mobile phone.

Samsung had filed for three trademark applications in the EU (on December 10th) for blockchain and crypto-related software. On December 11th, SamMobile reported that Samsung’s trademarks involve plans to introduce a proprietary cryptoasset cold wallet on its Galaxy S10 phone.

Samsung Denies Launching Cold Storage Wallet

However, one of Samsung’s representatives told Cointelegraph:

Unfortunately we are unable to provide any information [regarding the cold wallet] as the below is rumor and speculation.

Although there are presently three EU trademark requests that Samsung has filed, including “Blockchain key box”, “Blockchain Core”, and “Blockchain Keystore”, there are not enough details available at this time regarding what specifically these new trademarked services will offer.

The description of all three blockchain-related trademarks can be viewed on the the European Union Intellectual Property Office (EUIPO) website - as they have been uploaded under the categories: “Smartphones; Software applications for use with mobile devices; Computer software platforms; Application.” But as mentioned, it’s not clear from reading the trademark descriptions whether the services and products they describe will include cold storage crypto wallets.

Not The First Time SamMobile Reports Inaccurately

In addition to exclusively “confirming” that Samsung’s trademarks will involve the launch of the company’s offline crypto storage wallet (for its Galaxy S10 phone), SamMobile had previously claimed in a report two years ago that Samsung would no longer feature a 3.5mm headphone jack for its Galaxy S8 smartphone. This, however, turned out to be not true.

Notably, this is not the first time that Samsung has had to clarify that it’s not involved in a crypto-related project as other sources have claimed. As CryptoGlobe reported in July, the electronics giant denied having any involvement with Lithuania-based blockchain firm CoPay.

Samsung had to issue a statement clarifying that it was not working with CoPay, after reports had surfaced claiming that the two companies were about to enter a partnership. According to rumors at that time, the two firms were working on a project to integrate digital currency payments in Samsung stores located in the three Baltic nations. This, however, also turned out to be an inaccurate report.