Media report on Western Union’s plans to launch its crypto exchange and cryptocurrency

This is evidenced by the filed trademark applications

26.10.2022 - 09:45

258

2 min

What’s new? Licensed trademark attorney Mike Kondoudis posted a tweet reporting on three trademark applications filed by Western Union, a US money transfer company. According to Kondoudis, the documents reveal the company’s possible plans to launch its own cryptocurrency as well as a digital asset exchange.

#WesternUnion has filed 3 trademark applications claiming plans for ▶️ Financial + Banking + Insurance ▶️ Virtual currency exchange + transfer ▶️ Commodity and Crypto trading + brokerage ▶️ Issuing tokens of value…and much more#Web3 #Metaverse #Cryptocurrency #NFT #DeFi pic.twitter.com/YvKysvj3mq— Mike Kondoudis (@KondoudisLaw) October 25, 2022

What else is known about the company’s plans? The applications, filed on October 18, involve the organization of trading in commodities, derivatives, digital assets, and cryptocurrencies. In addition, the documents mention the issue of tokens, the maintenance of e-wallets, and the provision of insurance and brokerage services.

Back in December 2018, former money transfer company president Odilon Almeida stated that adding cryptocurrencies as an option for customers would be a great achievement. In his opinion, cryptocurrency could be another option for a way to exchange assets between people and countries.

Earlier, Jane Manchun Wong, a technology blogger and app researcher, reported that Twitter was working on a “wallet prototype” for storing cryptocurrencies. There has been no information on what assets the wallet will support, nor any official confirmation from representatives of the social network yet.

In August, Kondoudis revealed that Real Madrid and Barcelona FC began trademark registration in the metaverse.

Author: