For its rebranded Meta Pay payments service, Meta has filed five trademark applications in the United States. The trademarks suggest that the company is planning to offer a cryptocurrency suite of goods, including a Web3 wallet and cryptocurrency exchange.
Meta’s most recent trademark filings show that the company is taking Web3 seriously.
For what appears to be a flood of crypto-related services, the social media behemoth has submitted five trademark applications for its freshly rebranded payments platform Meta Pay. The trademarks, which were filed with the US Patent and Trademark Office on May 13, are intended to protect Meta’s recently acquired brand name “Meta Pay” as well as its associated logos and symbols for a variety of crypto-related products and services, such as a crypto wallet, a trading service, and an online social networking service for investors.
Meta Pay’s trademark applications also indicate that it plans to expand into crypto loan, card, and investment services. The applications come after the firm’s fintech lead Stephane Kasriel announced the rebranding of Facebook Pay to Meta Pay in a blog post on May 11. He wrote, “It’s no secret that we’re quite bullish about Web3—both the technologies and ideas it includes.” He also mentioned the company’s interest in cryptography.
According to Kasriel, the startup wants to go beyond traditional payments by offering its consumers a “one wallet” cross-platform experience. He said:
“We’re in the very early stages of scoping out what a single wallet experience might look like and will have more to say further down the line. But to break down our early thinking, we’re looking at: how you can prove who you are and carry that identity into different experiences in the Metaverse; how you can store the digital goods you own and take them with you wherever you go; and how you can pay easily and with the payment method you want, whether that’s to a friend or buying from a business or creator.”
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