Visa has become the latest payment giant behind Mastercard and American Express as it filed two trademark applications to the United States Patent and Trademark Office (USPTO) related to digital wallets, non-fungible tokens and the Metaverse.
Visa file trademarks in the Metaverse
Part of one of the applications applies for trademarks related to software for “management of digital transactions; use as a digital currency wallet and storage services software; use as a cryptocurrency wallet; and managing and verifying cryptocurrency transactions using blockchain technology”.
Another one is an application related to “providing temporary use of non-downloadable software for users to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange digital currency, virtual currency, cryptocurrency, digital and blockchain assets, and non-fungible tokens (NFT).”
Other parts of the applications relate to “non-downloadable virtual goods” and “a collectible series of non-fungible tokens,” as well as “providing virtual environments in which users can interact for recreational, leisure or entertainment purposes accessible in the virtual world.”
In 2020, Visa filed a patent application for a process for turning physical fiat currency into a newly digitized version.
“At Visa, we are continually exploring technologies that might lead to new payment innovations and greater financial inclusion, a company spokesperson said.
The spokesperson added that “each year we seek patents for hundreds of new ideas. While not all patents will result in new products or features, Visa respects intellectual property and we are actively working to protect our ecosystem, our innovations and the Visa brand.”
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