Home » Payments giant Visa files trademarks for crypto wallets and the metaverse

Payments giant Visa files trademarks for crypto wallets and the metaverse

by admin

the growth of Cryptocurrency and the metaverse the concept is traditional finance Businesses will have the opportunity to expand their operations and meet consumer demand. On this route, financial services giant Visa (NYSE: ) are the latest entities to show interest in the metaverse and want to offer their services in the virtual world.

In particular, the company Filed two Metaverse trademarks On October 22nd, along with plans to govern digital and cryptocurrency trading, cryptocurrency walleta non-fungible token (NFTs), digital currency, etc.

Trademarks filed with the United States Patent and Trademark Office (USPTO) were published by licensed trademark attorney Michael Kondoudis. Tweet October 27th.

Additionally, if your application is approved, Visa will also provide software to manage digital transactions and audit cryptocurrencies. At the same time, the payment giant is looking to provide virtual environments that foster interaction for recreation, leisure and entertainment.

Visa’s involvement in crypto

The application complements Visa’s longstanding involvement in the crypto sector and launches related products. For example, in October 2021, the company announced an NFT program to support the industry before purchasing “punk” from its CryptoPunk collection.

In addition, PayPal (NASDAQ: PYPL), and Western Union are also making inroads into the metaverse space. In this case, PayPal intends to provide downloadable software for buying, selling, storing, and trading digital and virtual cryptocurrencies, digital assets, and tokens.

Elsewhere, Western Union plans to offer a digital exchange to facilitate traditional money transfer businesses as well as issue tokens.

It is worth pointing out that with the potential of the metaverse, more traditional sector brands have become accustomed to the concept, albeit in its early stages. highlighted by the report Over 3,600 Trademark Applications Filed in the U.S. From 1 January to 31 August 2022.

Related Posts

Leave a Comment