Media report on Visa’s plans to launch its own crypto wallet
According to the trademark application, the company will also release its own NFT and virtual environment for customers
28.10.2022 - 07:30
366
2 min
0
What’s new? Licensed trademark attorney Mike Kondoudis has reported on his Twitter account that payment company Visa has filed trademark applications related to cryptocurrencies. In particular, the corporation plans to launch its own cryptocurrency wallet. Visa has also applied for registration of software to audit digital assets. In addition, according to the documents, the company plans to issue non-fungible tokens (NFTs).
VISA has filed 2 trademark applications claiming plans for:▶️ Managing Digital, Virtual, and Cryptocurrency transactions▶️ Digital currency + Cryptocurrency wallets▶️ NFTs + Virtual goods▶️ Providing virtual environments ...and more#NFT #Metaverse #Web3 #Cryptocurrency pic.twitter.com/SnTkt8jx4o— Mike Kondoudis (@KondoudisLaw) October 27, 2022
What else is known about Visa’s plans? The financial giant also plans to provide its customers with a virtual environment in which users can interact for “recreational, leisure, or entertainment purposes,” perhaps in question is a metaverse.
Visa is moving deeper into the Web 3.0 realm, and previously the payment company and the Blockchain.com explorer launched a debit card with cashback in cryptocurrencies. In this, both fiat and digital assets are available for payment.
Also, JPMorgan, a financial holding company, in cooperation with Visa will launch a blockchain project in cross-border payments. The Confirm product will validate data from more than 2 billion accounts from 3500 banks. And in partnership with FTX, the company released debit cards for the exchange’s customers, they are already available in the US and will soon be launched in more than 40 countries in Latin America, Europe, and Asia.
Earlier, Kondoudis reported that Western Union filed trademark applications for its own cryptocurrency exchange and digital currency.
Useful material?
Market
To advance crypto-friendly regulation, Trump’s party needs to win a majority in the Senate
Oct 18, 2024
Incidents
The regulator believes that the court erred in not recognizing retail sales of XRP as securities transactions
Oct 18, 2024
Market
The leader was the Solana network, with 100 million active addresses per month
Oct 17, 2024
Crypto regulations
Amendments to the regulation of financial institutions have been published for public discussion until October 30
Oct 16, 2024
Market
Over the past four years, the company’s shares have grown by 1540%, while the index has gained only 111%
Oct 16, 2024
Incidents
Over the last 24 hours, the asset has updated its all-time high at $2,34
Oct 15, 2024