Funds large Visa has filed two trademark functions protecting a variety of cryptocurrency services, together with its personal crypto pockets. The filings additionally point out crypto transaction administration and non-fungible tokens (NFTs).
Visa’s New Trademark Functions
Visa has filed two trademark functions with the USA Patent and Trademark Workplace (USPTO). Mike Kondoudis, a USPTO-licensed trademark lawyer, tweeted Thursday:
Visa has filed 2 trademark functions claiming plans for managing digital, digital, and cryptocurrency transactions, digital foreign money + cryptocurrency wallets, NFTs + digital items, offering digital environments … and extra.
Filed on Oct. 22, the functions’ serial numbers are 97643605 and 97643607. Visa Worldwide Service Affiliation, a subsidiary of Visa Inc., is listed because the proprietor of the emblems.
An excerpt of one of many trademark functions reads: “on-line non-downloadable software program for administration of digital transactions; non-downloadable digital items; non-downloadable digital items, specifically, a collectible collection of non-fungible tokens; on-line non-downloadable software program to be used as a digital foreign money pockets and storage providers software program; on-line non-downloadable software program to be used as a cryptocurrency pockets.”
Visa has been lively within the crypto area for a number of years. The corporate has partnered with greater than 65 crypto corporations, together with exchanges and pockets service suppliers, to allow crypto funds at over 80 million retailers.
In January 2021, Visa CEO Alfred Kelly revealed his firm’s plan to allow crypto buying and selling on its community. Anticipating crypto changing into “extraordinarily mainstream,” he mentioned Visa is diving into crypto “in a really, very huge manner.” In December 2021, the funds large launched crypto advisory providers. In Might 2020, Visa filed a patent software for a fiat-linked cryptocurrency system utilizing “a personal permissioned distributed ledger platform.”
A rising variety of corporations have filed trademark functions referring to crypto and the metaverse with the USPTO. Final week, Paypal and Western Union filed trademark functions for a wide range of crypto providers. Earlier this month, Method One filed eight trademark functions for “F1” protecting many crypto and metaverse services. Ford equally filed 19 trademark functions final month. E-commerce large Ebay filed two in June, Fb proprietor Meta filed 5 in Might, and Mastercard filed 15 associated trademark functions in April.
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