1 year ago
The United States Patent and Trademark Office (USPTO) has granted JPMorgan Chase Bank’s trademark registration for “J.P. Morgan Wallet” for usage successful a wide scope of fiscal services, including virtual currency transfers and exchanges, arsenic good arsenic crypto outgo services.
JPMorgan Chase’s Wallet Trademark
JPMorgan Chase Bank has successfully registered a wallet trademark with the United States Patent and Trademark Office (USPTO). Mike Kondoudis, a USPTO-licensed trademark attorney, tweeted Monday that “J.P. Morgan Wallet” is present a registered trademark.
JPMorgan Chase Bank N.A. is listed arsenic the trademark owner. The USPTO granted the bank’s trademark registration connected Nov. 15; the exertion day was July 24, 2020.
The services listed for the J.P. Morgan Wallet trademark see “electronic transportation of virtual currencies,” “financial speech of virtual currencies,” and “cryptocurrency outgo processing,” the USPTO website shows.
JPMorgan Explains What J.P. Morgan Wallet Is and How It Works
The JPMorgan website provides much accusation astir the J.P. Morgan Wallet, which is portion of the bank’s e-commerce work for merchants. The steadfast described the wallet as:
Real-time virtual sub-ledgers that assistance negociate and standard immoderate fig of customer, supplier and vendor payments successful an organized, easy-to-reconcile way.
The website adds that the wallet connects “via APIs to assistance simplify home and cross-border receivables and disbursements,” noting that it is utilized “globally for absorption of highly-scalable virtual accounts successful real-time.”
The banking elephantine further explained that it is “developing blase payments solutions similar connected mobility solutions and blockchain platforms that tin assistance you accidental much to the world.” The firm’s blockchain-based ecosystem is called Onyx by J.P. Morgan.
Onyx has its ain coin strategy that enables “instant transportation and clearing of multi-bank, multi-currency assets connected a permissioned distributed ledger,” JPMorgan detailed, adding that its inaugural merchandise solution is JPM Coin. The steadfast described JPM Coin arsenic “a permissioned strategy that serves arsenic a outgo obstruction and deposit relationship ledger that allows participating J.P. Morgan clients to transportation U.S. dollars held connected deposit with J.P. Morgan wrong the system.”
What bash you deliberation astir JPMorgan Chase obtaining a trademark for J.P. Morgan Wallet? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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