USPTO-licensed trademark attorney Mike Kondoudis revealed details.
Trademark applications 97643605 and 97643607 were submitted on October 22.
Visa has filed two trademark applications in an effort to develop a crypto and NFT services platform and signal its intent to completely immerse itself in the cryptocurrency and NFT market.
Both the NFT community and the cryptocurrency industry as a whole have grown exponentially in recent years. Moreover, this expansion is being aided by the fact that a number of highly competent people have started thinking about entering this market.
U.S. Patent and Trademark Office-licensed trademark attorney Mike Kondoudis said that shortly after Western Union’s trademark applications centered on cryptocurrencies and blockchain technology, Visa filed two trademark applications with the purpose of providing cryptocurrency and NFT services.
Active Involvement by Visa
As if that weren’t enough, the experienced trademark attorney and astrophysicist also uploaded a photograph revealing information from Visa’s applications. Trademark applications 97643605 and 97643607 were submitted on October 22.
Furthermore, Visa’s plans to enter the cryptocurrency, NFT, and Metaverse service markets are on full display in the company’s trademark filings. Visa offered five different trademark-related service touchpoints.
Two days after rival money transfer service Western Union intended to foray into cryptocurrencies. Western Union had applied to register three trademarks in an effort to break into the cryptocurrency, web3, and metaverse sector.
As one of the most crypto-friendly financial services providers, Visa’s aspirations to enter the cryptocurrency sector come as no surprise. FTX is just one of several crypto companies that have announced ambitions to produce crypto cards in partnership with Visa. In addition, the major cryptocurrency exchange Blockchain.com has just released a crypto card in collaboration with Visa.