Social media giant Meta (Facebook) just filed five trademark applications in the United States on May 13, alluding to a cryptocurrency and digital payment trading platform termed Meta Pay. .
According to a filing with the United States Patent and Trademark Office (USPTO), Meta has filed 5 trademark applications for the Meta Pay platform. The application was presented with the description Meta Pay as an “online social networking service for investors who wish to trade finance, exchange cryptocurrencies, virtual currencies, cryptocurrencies, digital digital assets and blockchains …”
In addition to payments and transactions, Meta Pay will probably give more loan and investment solutions, in accordance to other information in the application.
Meta Platforms Inc. (e.g. Facebook) has filed five new trademark applications for:
“HALF PAYMENT”
The paperwork indicate this @A half programs to launch a payment platform termed “META PAY” to make it possible for customers to exchange frequent cash and outdated-fashioned cryptocurrencies.#A half $ FB#Metaverse pic.twitter.com/W2ObxgAWfl
– Josh Gerben (@JoshGerben) May 18, 2022
Meta acquired the MetaPay.com domain identify from South Dakota-based mostly MetaFinancial institution in a $ 60 million deal in December 2021.
Meta has previously filed eight trademark applications with the USPTO relating to Metaverse and blockchain technological innovation, describing the move as element of an hard work in the direction of the digital economic climate.
These efforts did not start off nicely as Meta’s metaverse advancement division posted a reduction of $ two.9 billion in the initially quarter of the 12 months alone.
Diem, a stormy-time Facebook stablecoin venture, is mentioned to have “run out” of assets to repay traders immediately after dealing with a wave of protests from international regulators. The assets of this initiative had been subsequently offered to the US financial institution Silvergate.
Very speedily due to the fact Mark Zuckerberg confirmed to include NFT to Instagram in March, on the evening of May eight, they have announced that they will be testing NFT help from Ethereum, Polygon, Solana and Flow. Meta hopes that, with hundreds of thousands of content material creators and billions of customers, Instagram can flip NFTs into “golden eggs”, but label them only as “digital collectibles”.
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