On Wednesday, Korea’s Financial News reported that LG Electronics is planning to release a cryptocurrency wallet, Wallypto and is currently going through beta testing. The launch date is possibly this quarter but certainly within a year. LG has not confirmed the report, and another news outlet received a comment from the company saying, “There is no confirmed use case yet as the application was filed in order to preempt the trademark rights.”
However, this is not just for the name LG but for this new brand Wallypto which implies more intent.
Ledger Insights confirmed a Wallypto trademark application in the United States, which mainly includes various cryptocurrency functions such as trading and asset management. However, the application also encompasses blockchain-based inventory management.
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