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Paypal and Western Union File Trademarks for Wide Range of Crypto Services – Featured Bitcoin News

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Financial services companies PayPal and Western Union have each filed three new trademark applications covering a wide range of crypto services. Paypal’s application is also used in the payment giant’s logo.

New trademark filing for Paypal’s encryption services

Paypal Inc. has filed three new trademark applications with the United States Patent and Trademark Office (USPTO). USPTO Licensed Trademark Attorney Mike Kondoudis said: murmured Monday:

Paypal has filed a trademark application for Paypal and its “duplicate Ps” logo. The app claims plans for processing exchanges, transactions and transfers of blockchain + digital assets, crypto + digital + virtual currencies, etc.

The serial numbers for the applications filed on October 18 are 97636933, 97636892, and 97636857.

According to an excerpt from one of the trademark filings, the trademark is defined as “digital currency, virtual currency, cryptocurrency, stablecoin, digital and blockchain assets, digitized digital currency, virtual currency, cryptocurrency, stablecoin. , downloadable software for sending, receiving, accepting, purchasing, selling, storing, transmitting, trading, and exchanging digital and blockchain assets. Assets, Digital Tokens, Crypto Tokens, and Utility Tokens. “

Paypal’s cryptocurrency platform allows customers in the United States and US territories (excluding Hawaii) to transact in four different cryptocurrencies:Bitcoin), Ethereum (ethereum), Litecoin (LTC), Bitcoin Cash (BCHMore).Payment companies have recently started allowing users to transfer the cipher To other wallets and exchanges. Earlier this month, PayPal was embroiled in controversy.People on social media said the new terms of service meant the company Preferred Customer $2,500 To spread misinformation. The company then claimed it was an error.

Western Union also files three trademark applications for crypto services

Kondoudis reported Tuesday that financial services firm Western Union also filed three trademark applications on the same day as Paypal.he I have written:

Western Union has filed three trademark applications claiming plans such as Finance + Banking + Insurance, Cryptocurrency Exchange + Remittance, Commodity and Crypto Trading + Brokerage, and Issuance of Tokens of Value.

Western Union application serial numbers are 97641189, 97641182, and 97641176.

More and more companies are applying to the USPTO for trademarks related to cryptography and the metaverse. early this month, formula one Filed eight trademark applications for “F1” covering many crypto and metaverse products and services. ford Similarly, we filed 19 trademark applications last month. ecommerce giant Ebay Facebook Owner Filed Two Cases In June meta We submitted 5 cases in May, master Card Filed 15 related trademarks in April.

What are your thoughts on Paypal and Western Union filing trademark applications for cryptocurrency services? Let us know in the comments section below.

Kevin Helms

An Austrian economics student, Kevin has been an evangelist since he discovered Bitcoin in 2011. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

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