Visa necessitates brand safety for crypto, NFT and metaverse wallets

Following in the footsteps of other massive firms, Visa has just sent two trademark applications connected to cryptography, NFT and metaverse merchandise / solutions.

According to a filing with the United States Patent and Trademark Office (USPTO) on October 22, payment giant Visa has utilized for trademark safety for digital wallet-connected merchandise and solutions., NFT, and metaverse.

Visa could launch its personal crypto wallet primarily based on two trademark applications pic.twitter.com/EilJkPq2sQ

– Blockworks (@Blockworks_) October 28, 2022

According to the filing, the trademark utilized for is employed for:

– Digital transaction management software program, this kind of as storage and wallet software program, which manages and verifies cryptocurrency transactions utilizing the blockchain

– Non-downloadable software program application to see, accessibility, shop, keep track of, deal with, trade, send, acquire and trade digital currency, virtual currency, cryptocurrency, digital assets, blockchain and NFT

– Other elements of the application concern virtual products and interchangeable tokens, as properly as interactive virtual environments for enjoyment functions.

Visa payment business today’s move follows quite a few massive gamers this kind of as American Express, New York Stock Exchange, Meta (Facebook), eBay …

In 2020, Visa utilized for a patent for a procedure to digitize bodily fiat currency. The visa representative stated:

“At Visa, we are continually exploring new payment technologies. We patent hundreds of new concepts each and every 12 months, despite the fact that not all of them contribute to new merchandise or functions. Visa has generally respected intellectual residence rights and we are actively functioning to guard the Visa ecosystem, innovations and popularity. “

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