THELOGICALINDIAN - Meta Pay has filed bristles brand applications absolute that the close may be eyeing an access into the crypto payments space
Meta has filed bristles brand applications in the U.S. for its rebranded Meta Pay payments product. The trademarks announce that the aggregation could be attractive to barrage a apartment of crypto products, including a Web3 wallet and cryptocurrency exchange.
Meta Pay’s Trademark Filings Signal Pivot to Web3
Meta’s latest brand filings announce that it’s accepting austere about Web3.
The amusing media behemothic has filed bristles trademark applications for its afresh rebranded payments artefact Meta Pay for what looks to be a bulk of crypto-related services. The trademarks, filed on May 13 with the United States Patent and Trademark Office, aim to assure Meta’s afresh acquired cast name “Meta Pay” as able-bodied as its associated logos and symbols pertaining to a array of crypto-related articles and services, including a crypto wallet, a trading service, and an online amusing networking account for investors.
The brand applications additionally advance that Meta Pay is attractive to accomplish a axis into crypto lending, card, and advance services. Notably, the applications chase a May 11 blog post in which the firm’s fintech advance Stephane Kasriel appear Facebook Pay’s rebrand to Meta Pay. “It’s no abstruse that we’re actual optimistic about Web3—both the technologies and attempt it encompasses,” he wrote, highlighting the company’s absorption in crypto technology.
According to Kasriel, the aggregation is attractive to go above acceptable payments and accommodate a “single wallet” cross-platform acquaintance for its users. He said:
“We’re in the actual aboriginal stages of scoping out what a distinct wallet acquaintance ability attending like and will accept added to say added bottomward the line. But to breach bottomward our aboriginal thinking, we’re attractive at: how you can prove who you are and backpack that character into altered adventures in the Metaverse; how you can abundance the agenda appurtenances you own and booty them with you wherever you go; and how you can pay calmly and with the acquittal adjustment you want, whether that’s to a acquaintance or affairs from a business or creator.”
Last week, Meta CEO Mark Zuckerberg appear that the aggregation would activate testing NFTs on Instagram with affairs to add the aforementioned appearance on Facebook after on. In April, it was reported that Meta was because entering accounts through baby business loans and ablution and acknowledging in-app basic currencies, amusing tokens, and architect coins. While the alleged “Zuck Bucks” are yet to materialize, the firm’s latest filings appearance a bright axis against Metaverse and Web3.
Disclosure: At the time of writing, the columnist of this allotment endemic ETH and several added cryptocurrencies.
