Meta goes Brazil to trademark Bitcoin and crypto services

Meta, the world’s biggest societal media platform, has filed a trademark registration with the Brazilian authorities to design, make and proviso hardware and bundle for assorted Bitcoin (BTC) and crypto-related services. 

Meta precocious rebranded from Facebook arsenic a determination to amended align with the Metaverse developments contempt regulatory hurdles faced during its galore previous attempts to participate the crypto space.

Accelerating this effort, Meta filed a trademark registration with the Brazilian National Institute of Industrial Property (INPI) for crypto products and services related to trading, wallets and exchanges platforms.

Meta's trademark filing with the Brazilian INMI. Source: INPI

Further investigations from Cointelegraph uncover a translated mentation of the specifications astir the products and services to beryllium trademarked for Meta, arsenic shown below:

Translated mentation of Meta's Products and Services description.

"Design, improvement and implementation of bundle for third-party verification services for integer currency transactions, including (but not constricted to) transactions involving Bitcoin currency."

Meta published the exertion for registration connected Jan. 25 and is presently awaiting absorption anterior INPI approval. According to the filing, Meta’s trademark filing bid was placed connected Oct. 5, 2021, from Jamaica.

Meta's trademark filing with the Brazilian INMI. Source: INPI

Related: Apple banal jumps aft CEO reveals it's investing successful the Metaverse

During the company’s Q1 2022 net call, Apple CEO Tim Cook said that helium sees sizeable imaginable successful the Metaverse space, resulting successful a abrupt spike connected Apple banal prices.

As Cointelegraph reported, Apple stocks (APPL) jumped up 8% to $167.23 successful after-hours trading. Answering 1 of the questions astir Apple’s opportunities wrong the Metaverse, Cook spoke astir the “potential successful this abstraction and are investing accordingly,” adding:

“We're ever exploring caller and emerging technologies and I've spoken astatine magnitude astir however it's precise absorbing to america close now.”