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Meta trademark filing hints at plans for crypto payments platform

Meta trademark filing hints at plans for crypto payments platform

The five purposes counsel the social media company can also merely spend its namesake in a payments processing platform known as Meta Pay.

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Meta trademark filing hints at plans for crypto payments platform

Social media giant Facebook’s parent firm, Meta, will most likely be planning to launch a payments platform with strengthen for cryptocurrency. 

Basically primarily based on records submitted to the US Patent and Trademark Workplace, or USPTO, on May presumably well also 13, Meta filed five purposes for its namesake to be venerable in a platform known as Meta Pay. The filings integrated Meta’s name to be used in a “online social networking carrier for investors allowing monetary trades and switch of digital foreign money, digital foreign money, cryptocurrency, digital and blockchain sources, digitized sources, digital tokens, crypto tokens and utility tokens.”

Meta Platforms Inc. (i.e. Facebook) has filed 5 contemporary trademark purposes for:

“META PAY”

The filings indicate that @Meta plans to launch a fee platform known as “META PAY” for users to change damaged-down-customary usual money and cryptocurrencies.#Meta $FB#Metaverse pic.twitter.com/W2ObxgAWfl

— Josh Gerben (@JoshGerben) May presumably well also 18, 2022

In March, Meta filed eight trademark purposes with the USPTO related to Metaverse and blockchain abilities. CEO Designate Zuckerberg also stated on May presumably well also 9 that the firm had begun testing digital collectibles on Instagram, signaling a circulation in direction of including nonfungible tokens, or NFTs. Meta currently controls lots of critical apps including WhatsApp, Facebook Messenger and Facebook.

Other companies primarily based in the US including Gatorade producer Stokely-Van Camp, the Air Drive, the Contemporary York Stock Substitute, and Mastercard beget filed the same purposes related to that you just would take into consideration entries into the Metaverse or in another case expanding into the crypto location. Basically primarily based on the USPTO web space, trademark purposes identify roughly eight months to course of the first motion as of March.

Associated: Meta’s Truth Labs posts $2.9B loss: ‘I acknowledge it’s costly,’ says Zuck

Since rebranding from Facebook to Meta in October 2021, the social media giant has announced many initiatives apparently geared in direction of extending a hand to crypto users. To boot to its work online, Meta also lately expanded its real-world presence with the gap of a brick-and-mortar metaverse-themed retail store in the San Francisco Bay Position.

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