Documents filed with the UPSTO, in the US, suggest that Zuckerberg’s company is evaluating offering a new line of cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. services.
Meta the technology company behind the giant social networking site Facebook The company has filed several applications for trademarks and patents that suggest an interest in carving out a niche for itself in the cryptocurrency industry.
La compañía de Mark Zuckerberg introdujo un total de cinco solicitudes para registrar en los Estados Unidos la brand ” Meta Pay “which by all accounts appears to be a platform a place to buy, sell and store cryptocurrency for digital payments and cryptocurrencies. . The documents can be viewed from the website of the United States Patent and Trademark Office (UPSTO).
U.S. patent and trademark attorney Josh Gerben first broke the news in a press release. tweet on Wednesday. The news agencyThe Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. also collected the information.
Meta Platforms Inc. (i.e. Facebook) has filed 5 new trademark applications for:
The filings indicate that @meta plans to launch a payment platform called “META PAY” for users to exchange old-fashioned regular money and cryptocurrencies. #Meta $FB #Metaverse pic.twitter.com/W2ObxgAWfl
– Josh Gerben (@JoshGerben) May 18, 2022
The applications, which were filed on May 13, 2022, make mention of a payment platform that would allow users to store and exchange digital currencies. For example, the application No. 97409239 describe a Meta Pay as a
software to send, receive, accept, buy, sell, store, transmit, trade and exchange digital currency, virtual currency, cryptocurrencies, digital and blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. assets, digitized assets, digital tokens, cryptographic tokens and utility tokens.
In addition to paid and commercial services, Meta Pay could also include digital asset investment and lending services, according to other details in one of the trademark filings. At the same time, it suggests the financial services line could be part of its social networking ecosystem, which includes Facebook , Instagram and the messaging application WhatsApp .
Un “ online social networking service for investors that enables financial transactions and digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. “says one of the documents on Meta Pay .
Meta tries again, this time with ‘Meta Pay’.
Meta had previously acquired the domain name MetaPay.com that belonged to MetaBank based in South Dakota, in a USD$60 million deal in December 2021, as recallsThe Block.
By the time of editing, Meta has not made any official announcements about the brand, nor has it advanced plans for a cryptocurrency trading services platform. However, the efforts appear to be in sync with the company’s broader strategy to enter the digital economy space.
At the end of last year, Facebook changed its name to Meta as part of a strategy to lead the metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users. business. Since then, the company has made several announcements about exploring this growing sector. Among them, Meta has advanced that it is working to embed tokens non fungibles (NFT) to your platforms Instagram y Facebook .
Recall that the social networking giant had already tried to enter the crypto space with a native cryptocurrency project, which was initially called. Libra but soon faced heavy scrutiny from regulators. The project was then transformed into a stablecoin a cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency. and renamed as a Diem but never got off the ground due to regulators’ reluctance. This year, Meta sold the assets of the project to the US bank Silvergate .
It should be noted that the registration of patents with the UPSTO does not necessarily mean that a company will actually pursue the plans expressed in those applications, nor that a formal offer of the products mentioned therein will be made. It will remain to wait to learn more about the intentions of Meta to enter the cryptocurrency space.
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Article by Hannah Estefania Perez / DiarioBitcoin
Image from Unsplash edited in Canva