According to a tweet from trademark lawyer Mike Kondoudis, Visa International Service Association filed two trademark applications on October 22 that made reference to intentions to introduce a cryptocurrency wallet.
In order to see, access, store, monitor, manage, trade, send, receive, transmit, and exchange digital currency, virtual currency, cryptocurrency, digital and blockchain assets, and non-fungible tokens, the credit card industry behemoth filed applications for non-downloadable software.
Additionally, software for “management of digital transactions” and “use as a cryptocurrency wallet.” was filed with the trademark application.
Non-fungible tokens (NFTs), also known as non-downloadable virtual commodities, namely a collecting series of non-fungible tokens, were also included in Visa’s petition.
The company’s filing for software that provides virtual environments in which users can interact for recreational, leisure, or entertainment purposes accessible in the virtual world was another indication at its metaverse aspirations.
In the first half of 2021, Visa started to provide crypto-linked Visa cards, with sales exceeding $1 billion. It also has experience with NFTs, having bought a CryptoPunk in August 2021 for 49.50 Ether, which was equivalent to about US$150,000 at the time.
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