Visa Files Trademark Applications Covering a Range of Cryptocurrency Products, Including Crypto Wallet

Payments elephantine Visa has filed 2 trademark applications covering a wide scope of cryptocurrency products and services, including its ain crypto wallet. The filings besides notation crypto transaction absorption and non-fungible tokens (NFTs).

Visa’s New Trademark Applications

Visa has filed 2 trademark applications with the United States Patent and Trademark Office (USPTO). Mike Kondoudis, a USPTO-licensed trademark attorney, tweeted Thursday:

Visa has filed 2 trademark applications claiming plans for managing digital, virtual, and cryptocurrency transactions, integer currency + cryptocurrency wallets, NFTs + virtual goods, providing virtual environments … and more.

Description of Visa’s trademark applications for crypto services, including a crypto wallet. Source: Mike Kondoudis

Filed connected Oct. 22, the applications’ serial numbers are 97643605 and 97643607. Visa International Service Association, a subsidiary of Visa Inc., is listed arsenic the proprietor of the trademarks.

An excerpt of 1 of the trademark applications reads: “online non-downloadable bundle for absorption of integer transactions; non-downloadable virtual goods; non-downloadable virtual goods, namely, a collectible bid of non-fungible tokens; online non-downloadable bundle for usage arsenic a integer currency wallet and retention services software; online non-downloadable bundle for usage arsenic a cryptocurrency wallet.”

Visa has been progressive successful the crypto abstraction for respective years. The institution has partnered with much than 65 crypto firms, including exchanges and wallet work providers, to alteration crypto payments astatine implicit 80 cardinal merchants.

In January 2021, Visa CEO Alfred Kelly revealed his company’s program to alteration crypto trading connected its network. Anticipating crypto becoming “extremely mainstream,” helium said Visa is diving into crypto “in a very, precise large way.” In December 2021, the payments elephantine launched crypto advisory services. In May 2020, Visa filed a patent application for a fiat-linked cryptocurrency strategy utilizing “a backstage permissioned distributed ledger platform.”

A increasing fig of companies person filed trademark applications relating to crypto and the metaverse with the USPTO. Last week, Paypal and Western Union filed trademark applications for a assortment of crypto services. Earlier this month, Formula One filed 8 trademark applications for “F1” covering galore crypto and metaverse products and services. Ford likewise filed 19 trademark applications past month. E-commerce elephantine Ebay filed 2 successful June, Facebook proprietor Meta filed 5 successful May, and Mastercard filed 15 related trademark applications successful April.

Would you usage Visa’s crypto wallet if it’s launched? Let america cognize successful the comments conception below.

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