Meta Files Trademark Applications for Crypto and Fiat-Focused Payment Platform

Meta Files Trademark Applications for Crypto and Fiat-Focused Payment Platform
фото показано с : beincrypto.com

2022-5-19 12:30

Meta has filed new trademark applications related to Meta Pay – a payments platform that will allow both fiat currencies and crypto.

The company, which owns Facebook, Instagram, and WhatsApp, filed five new applications with the United States Patent and Trademark Office.

Meta Pay’s application details: Gerben Intellectual Property

It is another in a succession of plans that highlight the company’s determination to enter the payments space. The patent filing covers the whole gamut of terms used to describe crypto-assets. 

“Providing a financial exchange for the trading of digital currency, virtual currency, cryptocurrency, digital and blockchain assets, digitized assets, digital tokens, crypto tokens and utility tokens,” the application reads.

Filed on May 13, other details from the trademark filings show that the social media giant may also venture into lending and investment services. This put it into the finance space and invite a lot of scrutiny from lawmakers.

In other news, Meta has launched a pay button on contact cards for users of WhatsApp in Brazil and India. This will let users send funds to their contacts more intuitively, executives from the company said.

Meta’s finance ambitions materializing, but challenges await

The company launched its Libra stablecoin project a few years ago, which quickly met with concern from lawmakers around the globe. The concern was that the stablecoin could threaten the national sovereignty of fiat currencies.

Facebook, as it was known at the time, rebranded the project to Diem, but eventually met its demise. The Diem assets were sold, and Facebook has reworked its finance ambitions.

Meta Pay, non-fungible tokens, and the payment of content creators in its VR app are all being closely monitored by the tech world and lawmakers. 

Meta has received plenty of scrutiny from regulators, but a foray into lending may be particularly worrisome. Other lending companies have been at the receiving end of regulatory action in the U.S.

The post Meta Files Trademark Applications for Crypto and Fiat-Focused Payment Platform appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum Meta (ETHM) на Currencies.ru

$ 0 (-0.37%)
Объем 24H $524
Изменеия 24h: 93.20 %, 7d: -13.12 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 5826
Цена в час новости $ 6.47E-5 (-100%)

meta crypto platform trademark applications payment fiat-focused

meta crypto → Результатов: 59


Фото:

WhiteBIT Becomes First Crypto Exchange To Build Its Virtual Office In The TCG World Metaverse

You’ve surely noticed how the metaverse is growing in popularity by the day, aided by Facebook’s deliberate decision to rebrand to Meta and create their own metaverse. People are buying virtual land for enormous quantities of money, and big companies like Nike and Adidas are constructing virtual places in blockchain-based games like The Sandbox and […]

2022-2-2 01:20


Фото:

The Blockchain Metaverse Antidote to Big Tech’s Zuckerverse

The metaverse is here — or at least the idea of its inevitability. Tech giants such as Facebook (now Meta) and Microsoft are strategically focused on what the crypto investment firm Grayscale recently described as “interconnected, experiential, 3D virtual worlds where people located anywhere can socialize in real-time to form a persistent, user-owned, internet economy.” […]

2021-12-15 12:09