Mastercard files trademark applications in the field of crypto transactions

The company plans to develop its own software for such operations

20.06.2023 - 09:20

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What’s new? The Mastercard payment company has filed trademark applications for new cryptocurrency solutions. They include plans to develop software and tools for the interaction of virtual asset service providers for blockchain and crypto transactions. Licensed trademark attorney Mike Kondoudis announced this on his Twitter account.

#Mastercard is continuing its move into #crypto!The payment processor has filed a trademark application claiming plans for▶️ Software for crypto + blockchain transactions▶️ Interconnecting virtual asset service providers for crypto transactions#Web3 #DeFi #Cryptocurrency pic.twitter.com/Pz1m5gau10 — Mike Kondoudis (@KondoudisLaw) June 19, 2023

Mastercard and cryptocurrencies. In December 2022, Hi, a financial application, with the support of Polygon, launched a platform to customize Mastercard’s debit card. With it, holders can create non-fungible tokens (NFTs) from their own images and use them to customize the face of a Web 3.0 card. Purchases with the card can be paid in cryptocurrency or fiat.

In October, Mastercard entered into a strategic partnership with Dubai-based cryptocurrency exchange BitOasis to launch a crypto payment card in the Middle East and North Africa. That same month, the payment giant highlighted five key areas to work with digital assets.

And last August, Mastercard CEO Michael Miebach announced a joint work with the Binance exchange to enable more than 90 million stores around the world to accept cryptocurrency as payment.

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