Visa Applies for Trademark for Crypto Wallets, NFTs and the Metaverse

Payments giant Visa (V) filed two trademark applications to the United States Patent and Trademark Office (USPTO) related to digital wallets, non-fungible tokens and the metaverse.

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Part of one of the applications applies for trademarks related to software for "management of digital transactions; use as a digital currency wallet and storage services software; use as a cryptocurrency wallet; and managing and verifying cryptocurrency transactions using blockchain technology," while another one is an application related to "providing temporary use of non-downloadable software for users to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange digital currency, virtual currency, cryptocurrency, digital and blockchain assets, and non-fungible tokens (NFT)."

Other parts of the applications relate to "non-downloadable virtual goods" and "a collectible series of non-fungible tokens," as well as "providing virtual environments in which users can interact for recreational, leisure or entertainment purposes accessible in the virtual world."

Visa's applications shouldn't surprise as they come after many large firms, including American Express and the New York Stock Exchange have filed similar applications over the past year.

In 2020, Visa filed a patent application for a process for turning physical fiat currency into a newly digitized version.

Source: CoinDesk