RATE Group | Samsung Coin Not From Company Despite Galaxy S10 Cryptocurrency App
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Samsung Coin Not From Company Despite Galaxy S10 Cryptocurrency App

20 Jul Samsung Coin Not From Company Despite Galaxy S10 Cryptocurrency App

Posted at 21:45h in Cryptocurrency News by

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The Samsung Coin cryptocurrency is being trademarked, leading to rumors that the company is putting out its answer to Bitcoin. But the South Korean tech giant has now denied any involvement in this currency despite supporting cryptocurrency in its current flagship device.

As seen on the Korean Intellectual Property Office, the trademark application for the Samsung Coin has been filed by Kim Nam-Jin. But even though the cryptocurrency is branded with the large tech company’s name, Kim is not affiliated with Samsung.

Samsung confirmed its non-participation with this trademark to cryptocurrency news site CoinDesk, stating: “We (the company) don’t work this way.” The trademark filing doesn’t make it clear if Samsung Coin is going to be a new underlying system to cryptocurrency or will be a cryptocurrency.

Previously, reports surfaced that the tech giant has been dabbling and making its own ethereum tech to support its future cryptocurrency. The Samsung Coin could have…

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