Social media large Fb’s guardian firm, Meta, could also be planning to launch a funds platform with assist for cryptocurrency.

Based on data submitted to the USA Patent and Trademark Workplace, or USPTO, on Might 13, Meta filed 5 functions for its namesake for use in a platform referred to as Meta Pay. The filings included Meta’s identify to be used in a “on-line social networking service for buyers permitting monetary trades and change of digital forex, digital forex, cryptocurrency, digital and blockchain belongings, digitized belongings, digital tokens, crypto tokens and utility tokens.”

Meta Platforms Inc. (i.e. Fb) has filed 5 new trademark functions for:

“META PAY”

The filings point out that @Meta plans to launch a cost platform referred to as “META PAY” for customers to change old style common cash and cryptocurrencies.#Meta $FB#Metaverse pic.twitter.com/W2ObxgAWfl

— Josh Gerben (@JoshGerben) May 18, 2022

In March, Meta filed eight trademark functions with the USPTO associated to Metaverse and blockchain know-how. CEO Mark Zuckerberg additionally stated on Might 9 that the corporate had begun testing digital collectibles on Instagram, signaling a transfer towards including nonfungible tokens, or NFTs. Meta at present controls a number of main apps together with WhatsApp, Fb Messenger and Fb.

Different corporations primarily based in the USA together with Gatorade producer Stokely-Van Camp, the Air Pressure, the New York Inventory Change, and Mastercard have filed related functions associated to potential entries into the Metaverse or in any other case increasing into the crypto house. Based on the USPTO web site, trademark functions take roughly eight months to course of the primary motion as of March.

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Since rebranding from Fb to Meta in October 2021, the social media large has introduced many initiatives seemingly aimed toward extending a hand to crypto customers. Along with its work on-line, Meta additionally not too long ago expanded its real-world presence with the opening of a brick-and-mortar metaverse-themed retail retailer within the San Francisco Bay Space.