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Amex trademark filings suggest possible entry to the metaverse

Main bank card firm American Specific has filed trademark purposes for a few of its logos and designs, hinting at increasing into the metaverse.

In line with purposes submitted to the U.S. Patent and Trademark Workplace on Wednesday, American Specific could also be readying to offer “digital concierge providers” associated to bank card transactions “within the metaverse and different digital worlds.” The purposes included emblems on the usage of a few of its logos and branding with digital fee playing cards, conducting banking providers within the metaverse and utilizing its playing cards at a nonfungible token, or NFT, market.

Many corporations have hinted at a foray into the metaverse following Fb’s October 2021announcement it will be rebranding to Meta. The social media big mentioned on the time it deliberate to create a digital surroundings connecting on-line social experiences to the bodily world.

In February, main U.S. financial institution JPMorgan entered the metaverse by launching a digital lounge within the blockchain-based on-line world Decentraland. Nonetheless different main manufacturers together with sports activities footwear and attire corporations Adidas and Nike have created crypto-related merchandise and digital retailers within the metaverse, respectively. Electronics big Samsung additionally launched a metaverse retailer in December 2021.

Amex CEO hints at exploring methods to permit bank card holders to redeem factors for crypto

Different bank card corporations together with Visa and Mastercard have slowly appeared to just accept customers’ demand for purchasing cryptocurrencies utilizing fiat with their playing cards or in any other case embraced the digital asset area. Mastercard first introduced plans to help cryptocurrencies in February 2021, whereas DeFi banking agency Scallop joined a council shaped by the large 4 bank card companies — American Specific, Uncover, Visa and Mastercard — on March 7.

An American Specific spokesperson mentioned the corporate was following developments within the metaverse however had no plans to share on the time of publication.

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