Mastercard has filed 15 trademark applications for crypto-related services
Mastercard has filed 15 new trademark applications for services related to crypto, finance and metaverse technology. Within the metaverse, the company intends to develop non-fungible token (NFT)-based media, an e-commerce transaction and payment processing system, as well as a crypto asset marketplace.
Virtual credit cards, debit cards, and prepaid cards were all trademarked by Mastercard. Additionally, the company has filed metaverse events and performances. According to new data from Mastercard, the number of NFT trademarks submitted this year exceeded the previous year’s total.
Mastercard has filed 15 new trademark applications in the areas of cryptocurrency, finance and metaverse technology
MasterCard, the world’s largest payments company, has filed 15 new trademark applications in the areas of cryptocurrency, fintech and metaverse technology. Trademark filings reveal credit card giant plans to establish non-fungible token (NFT)-backed media, payment processing and e-commerce transaction system within the metaverse, and marketplace crypto assets.
According to information from Kondoudis, Mastercard applied for trademarks for downloadable media files containing NFT-authenticated artwork, text, audio, and video, as well as e-commerce software that would enable transactions electronic commerce via the metaverse.
The company has also filed for virtual credit cards, debit cards, and prepaid cards, as well as the ability to use these digital cards to make payments in the metaverse.
MasterCard has also registered trademarks for metaverse events and performances, as well as online communities related to digital assets. According to the data, the number of NFT trademarks filed so far this year has exceeded the combined total from the previous year.
In 2022, 1,967 requests were filed according to the lawyer’s data, compared to 1,965 requests in 2021. There were 23 requests in 2020.
This year, Mastercard has partnered with Coinbase, a US-based crypto exchange, to develop an NFT marketplace for Coinbase customers to pay for digital collectibles using their Mastercard debit and credit cards. Previously, Mastercard announced that due to popular demand, it would expand its advisory services to the digital asset sector.
Mastercard is expanding its consulting services to help organizations and institutions better understand the rapidly developing financial environment and digital assets. The organization plans to hire 500 college graduates and young professionals to help support the new programs.
The startup wants to make it easier for banks and merchants to use digital assets like cryptocurrency and NFTs, according to the press release.
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