Visa, the worldwide bank card large and funds supplier, has made a variety of latest trademark functions hinting at a bigger transfer into crypto markets. On October 27, licensed trademark lawyer Mike Kondoudis revealed the most recent trademark functions for credit score large Visa. The functions recommend that the agency is seeking to develop or launch its personal digital asset pockets. The 2 trademark filings included software program for managing digital, digital, and cryptocurrency transactions, and cryptocurrency wallets. Moreover, there have been provisions for auditing cryptocurrencies, utility tokens, and blockchain property.
Moreover, the trademark functions didn’t cease at crypto transaction software program and wallets. In addition they included provisions for non-fungible tokens (NFTs). Visa additionally utilized for logos for “non-downloadable digital items” resembling NFT collectibles. There have been even hints of Metaverse ambitions within the descriptions with wording resembling, “Offering digital environments wherein customers can work together for leisure, leisure or leisure functions accessible within the digital world.”
The wordings trace extra in the direction of a fully-fledged metaverse fairly than offering monetary providers in present digital worlds.
Visa has made some key partnerships with crypto firms over the previous yr or so. Its most up-to-date was with Blockchain.com this week to supply a crypto debit card. Cuy Sheffield, Visa’s Head of Crypto, stated on the time that worldwide acceptance was crucial for crypto adoption to proceed to develop.
Earlier this month, Visa partnered with FTX to roll out crypto debit playing cards in 40 international locations. The agency has additionally collaborated with funding banking large JPMorgan (through FinExtra). The 2 will work on personal blockchains to facilitate cross-border transactions.
Final yr, Visa partnered with as many as 60 main crypto firms together with Coinbase, Binance, and Crypto.com. The transfer was to speed up card applications to spice up crypto adoption worldwide. Additionally final yr, Visa CEO Charles Scharf stated that the agency is open to accepting Bitcoin if there may be sufficient buyer demand.
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