Visa applies for trademark protection for crypto wallets, NFTs and metaverse
Following in the footsteps of other large corporations, Visa has just submitted 2 applications for trademark protection covering crypto, NFT and metaverse products/services.
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According to a filing with the United States Patent and Trademark Office (USPTO) on October 22, payment giant Visa has applied for trademark protection for digital wallet-related products and services. , NFT and metaverse.
According to the filing, the trademark applied for is used for:
– Digital transaction management software, such as a digital wallet and storage software, that manages and verifies cryptocurrency transactions using the blockchain;
– Non-downloadable software application to view, access, store, monitor, manage, trade, send, receive and exchange digital currency, virtual currency, cryptocurrency, digital assets, blockchain and NFTs;
– Other parts of the application deal with virtual goods and exchangeable tokens, as well as interactive virtual environments for entertainment purposes.
Today's move by payment company Visa follows many big names such as American Express, New York Stock Exchange, Meta (Facebook), eBay ...
Back in 2020, Visa applied for a patent for a process to digitize physical fiat currency. Visa representative said:
“At Visa, we are constantly exploring new payment technology. Each year we patent hundreds of new ideas, although not all of them contribute to new products or features. Visa has always respected intellectual property rights and we are actively working to protect the Visa ecosystem, innovations and reputation.”
FoxCryptoNews summary
Oct 29, 2022
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