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Meta, formerly Facebook, submits file trademark applications in the United States for a new digital platform dubbed Meta Pay.
Source: Twitter
Meta Platforms (Facebook) has filed 5 trademark applications for META PAY. The applications signal plans for
▶️ Digital, crypto, and virtual currencies
▶️ Financial + currency trading
▶️ Virtual currency services
▶️ Blockchain software#NFTs #Metaverse #Cryptocurrency pic.twitter.com/b7eTmm62Xt— Mike Kondoudis (@KondoudisLaw) May 18, 2022
FB down -3.04%, BTCUSD down -4.76%
The trademark applications filed on May 13 referred to Meta Pay as an online social networking platform for investors allowing financial trades and exchange of digital currency, virtual currency, crypto, digital and digital tokens.
Apart from trading and payment, Meta Pay could also incorporate digital asset lending and investment services.
The social media giant initially bought the MetaPay.com domain name from the South Dakota-based MetaBank in a $60M arrangement in December 2021.
The trademark filing is Meta’s latest crypto-related action after announcing plans to start testing NFTs on Instagram earlier this month.
Meta initially filed eight trademark applications for its logo, with the firm describing the action as part of its pivot in the digital economy.
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