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Payments Giant Visa Files Trademark Applications for Cryptocurrency and Collectibles Products

Payment giant @Visa has filed trademark applications for various cryptocurrency-related products 💳 🪙What are their plans?

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According to trademark attorney Mike Kondousi, the record submitted showed that Visa filed applications to create a digital asset exchange and its own crypto wallet. The company also applied for software to monitor cryptocurrency and blockchain assets.

It is also believed that the company is considering a move into the metaverse. They intend to offer their customers a virtual environment in which they can interact for ‘recreational, leisure, or entertainment purposes’.

Furthermore, the company aims to dive deep into the NFT world by submitting an application for a series of collectibles. Visa's vice president and assistant general counsel Denise Yee submitted all of the submissions to the @uspto

According to former Visa CEO Charlie Scharf, the corporation has been gradually integrating crypto and blockchain since 2014. The company has worked on numerous projects in the past, including collaborating with @FTX_Official and developing an NFT program.

Despite the fact that the company is already heavily invested in cryptocurrency, Visa’s CEO still questioned the sector's utility and its role in countries such as the United States and Canada.

Source: The Daily Hodl; U Today Photo: CardMapr nl

This post is based on this twitter thread.

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