Payments large Visa has filed two trademark purposes masking a wide selection of cryptocurrency services and products, together with its personal crypto pockets. The filings additionally point out crypto transaction administration and non-fungible tokens (NFTs).
Visa’s New Trademark Applications
Visa has filed two trademark purposes with the United States Patent and Trademark Office (USPTO). Mike Kondoudis, a USPTO-licensed trademark lawyer, tweeted Thursday:
Visa has filed 2 trademark purposes claiming plans for managing digital, digital, and cryptocurrency transactions, digital foreign money + cryptocurrency wallets, NFTs + digital items, offering digital environments … and extra.
Filed on Oct. 22, the purposes’ serial numbers are 97643605 and 97643607. Visa International Service Association, a subsidiary of Visa Inc., is listed because the proprietor of the emblems.
An excerpt of one of the trademark purposes reads: “online non-downloadable software for management of digital transactions; non-downloadable virtual goods; non-downloadable virtual goods, namely, a collectible series of non-fungible tokens; online non-downloadable software for use as a digital currency wallet and storage services software; online non-downloadable software for use as a cryptocurrency wallet.”
Visa has been lively within the crypto space for a number of years. The company has partnered with greater than 65 crypto corporations, together with exchanges and pockets service suppliers, to allow crypto funds at over 80 million retailers.
In January 2021, Visa CEO Alfred Kelly revealed his company’s plan to allow crypto buying and selling on its community. Anticipating crypto turning into “extremely mainstream,” he mentioned Visa is diving into crypto “in a very, very big way.” In December 2021, the funds large launched crypto advisory providers. In May 2020, Visa filed a patent application for a fiat-linked cryptocurrency system utilizing “a private permissioned distributed ledger platform.”
A rising quantity of corporations have filed trademark purposes regarding crypto and the metaverse with the USPTO. Last week, Paypal and Western Union filed trademark purposes for a selection of crypto providers. Earlier this month, Formula One filed eight trademark purposes for “F1” masking many crypto and metaverse services and products. Ford equally filed 19 trademark purposes final month. E-commerce large Ebay filed two in June, Facebook proprietor Meta filed 5 in May, and Mastercard filed 15 associated trademark purposes in April.
Would you employ Visa’s crypto pockets if it’s launched? Let us know within the feedback part under.
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