Visa's trademark applications suggest more involvement in crypto space

Major recognition paper institution Visa whitethorn beryllium readying to research integer wallet services based connected 2 caller trademark applications. 

According to records submitted to the United States Patent and Trademark Office connected Oct. 22, the Visa International Service Association filed 2 applications for its quality people to beryllium utilized successful bundle “to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange” crypto assets and nonfungible tokens, oregon NFTs. The filings besides suggested the recognition paper institution whitethorn beryllium exploring a determination into the metaverse, with its namesake utilized successful “virtual environments successful which users tin interact for recreational, leisure oregon amusement purposes.”

— Mike Kondoudis (@KondoudisLaw) October 27, 2022

Some reports suggest that determination are much than 1 cardinal Visa cards successful circulation astir the world. The institution has antecedently partnered with crypto firms to connection recognition and debit cards tied to crypto payments. The trademark filings followed those of Mastercard, which applied to the USPTO successful April to usage its logo successful the metaverse and done NFTs.

Related: Western Union whitethorn beryllium readying to grow its integer offerings acold beyond remittances

The recognition paper institution has announced gradual forays into the crypto abstraction successful caller years. In March 2021, Visa said it planned to motorboat a aviator programme allowing its partners to usage USD Coin (USDC) to settee transactions made successful fiat. The institution besides spent $150,000 to acquire a cryptopunk successful August 2021 arsenic portion of an effort for “first-hand knowing of the infrastructure requirements for a planetary marque to purchase, store, and leverage an NFT.”