Meta goes to Brazil to trademark Bitcoin and crypto services
Meta, the world’s largest social media platform, has filed a trademark registration with Brazilian authorities to design, develop, and provide hardware and software for various Bitcoin (BTC) and crypto-related services.
Meta was recently rebranded from Facebook in an effort to better align with Metaverse developments despite regulatory hurdles encountered during its many previous attempts to enter the crypto space.
Accelerating this effort, Meta deposit a trademark registration with the Brazilian National Institute of Industrial Property (INPI) for crypto products and services related to trading, wallets and exchanges.
Further investigation by Cointelegraph reveals a translated version of the product and service specifications to be filed for Meta, as shown below:
“Design, development and implementation of software for third-party verification services for digital currency transactions, including (but not limited to) transactions involving Bitcoin currency.”
Meta published the application for registration on January 25 and is currently awaiting opposition prior to INPI approval. According to the filing, Meta’s trademark filing order was made on October 5, 2021 from Jamaica.
Related: Apple Stock Jumps After CEO Reveals It’s Investing in the Metaverse
During the company’s first quarter 2022 earnings call, Apple CEO Tim Cook said he saw huge potential in the Metaverse space, leading Apple stock prices to surge.
As Cointelegraph reported, Apple (APPL) shares jumped 8% to $167.23 in after-hours trading. Responding to one of the questions about Apple’s opportunities within the metaverse, Cook spoke of the “potential in this space and is investing accordingly”, adding:
“We’re always exploring new and emerging technologies and I’ve talked at length about how very exciting it is for us right now.”