Meta trademark filing hints at plans for crypto payments platform

Social media elephantine Facebook's genitor company, Meta, whitethorn beryllium readying to motorboat a payments level with enactment for cryptocurrency. 

According to records submitted to the United States Patent and Trademark Office, oregon USPTO, connected May 13, Meta filed 5 applications for its namesake to beryllium utilized successful a level called Meta Pay. The filings included Meta’s sanction for usage successful a “online societal networking work for investors allowing fiscal trades and speech of integer currency, virtual currency, cryptocurrency, integer and blockchain assets, digitized assets, integer tokens, crypto tokens and inferior tokens.”

In March, Meta filed 8 trademark applications with the USPTO related to the metaverse and blockchain technology. CEO Mark Zuckerberg besides said connected May 9 that the institution had begun investigating integer collectibles connected Instagram, signaling a determination toward adding nonfungible tokens, oregon NFTs. Meta presently controls respective large apps including WhatsApp, Facebook Messenger and Facebook.

Other companies based successful the United States including Gatorade shaper Stokely-Van Camp, the Air Force, the New York Stock Exchange, and Mastercard person filed akin applications related to imaginable entries into the metaverse oregon different expanding into the crypto space. According to the USPTO website, trademark applications take astir 8 months to process a archetypal enactment arsenic of March.

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Since rebranding from Facebook to Meta successful October 2021, the societal media elephantine has announced galore initiatives seemingly aimed astatine extending a manus to crypto users. In summation to its enactment online, Meta besides precocious expanded its real-world beingness with the opening of a brick-and-mortar metaverse-themed retail store successful the San Francisco Bay Area.