Global financial services behemoth Visa has filed two crypto-related trademark applications with the United States Patent and Trademark Office (USPTO) detailing plans to manage cryptocurrency transactions and create a virtual environment “in which users can interact for recreational, leisure or entertainment purposes.”
The applications, which were filed on October 22 and disclosed by Washington-based trademark attorney Mike Kondoudis on October 27 further showed that the company planned on launching cryptocurrency wallets and software for auditing cryptocurrencies.
VISA has filed 2 trademark applications claiming plans for:
▶️ Managing Digital, Virtual, and Cryptocurrency transactions
▶️ Digital currency + Cryptocurrency wallets
▶️ NFTs + Virtual goods
▶️ Providing virtual environments
…and more#NFT #Metaverse #Web3 #Cryptocurrency pic.twitter.com/SnTkt8jx4o
— Mike Kondoudis (@KondoudisLaw) October 27, 2022

The applications also showed that the firm has its eyes peeled on Non-Fungible Tokens (NFTs) and other digital collectables as it plans on providing temporary use of non-downable software for users to view, access, store, and transmit them.
Follow us for the latest crypto news!
Visa’s crypto journey dates as far back as 2014 when Charlie Scharf, its former CEO, noted that there were some “interesting things” about Bitcoin. Early last year, Alfred Kelly the firm’s current CEO noted that crypto could become “extremely popular” in the next five years adding that even though that was not the case, he wanted to make sure that the company was in the middle of the crypto revolution.
Visa has been slowly stretching its tentacles into the crypto-ecosystem partnering with more than 60 crypto firms, including wallet service providers and crypto exchanges, to enable crypto payments at over 80 million merchants worldwide. In 2020, the San Francisco-based payments giant filed a patent application to create digital currency on a centralized computer using blockchain technology.
In December 2021, it launched crypto advisory services to help educate more customers about the nascent asset class. Last August, the firm purchased a $150,000 Crypto Punk NFT for its corporate collection later launching a program to help creators navigate NFTs.  Earlier this month, Visa partnered with FTX to help the exchange rollout FTX-branded debit cards for the Latin American Asian and European markets.
That said, Visa is not the only Institution that has been dabbling with the crypto sector. The number of firms making crypto-related trademark applications with the USPTO has been surging with Western Union and Paypal filing trademarks for various crypto services last week. Formula One, Ford, Facebook owner Meta, Ecommerce giant E-bay, Mastercard, and racing giant Formula One are some of the other global brands that have filed for crypto-focussed trademarks in the past year.
 
I foresee blockchain as the technology that will successfully deliver freedom, opportunities, and financial inclusivity to everyone regardless of their status or location in the world. Let’s discuss crypto, DeCeFi, and Gamify.
Comments are closed.
Crypto News Flash
Crypto News Flash is your number one source for the latest news and information from the world of cryptocurrencies.
About us
Contact us
Legals
Data protection policy
*= Affiliate-Link
Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act. The content of this website solely reflects the subjective and personal opinion of the authors. Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions. The information found on this site does not contain any information or messages, but is intended solely for information and personal use. None of the information shown constitutes an offer to buy or sell futures contracts, securities, options, CFDs, other derivatives or cryptocurrencies. Any opinions provided, including e-mails, live chat, SMS or other forms of communication across social media networks do not constitute a suitable basis for an investment decision. You alone bear the risk for your investment decisions. Read more!

source

Write A Comment