Mastercard is rapidly expanding within Web3, with a particular emphasis on cryptocurrency.
Its most recent move is the filing of a trademark application to provide security services relating to crypto transactions.
The trademark application, titled “Mastercard Crypto Secure” and submitted with the USPTO on November 22, 2022, includes the following information:
- Business risk assessment services;
- Financial risk assessment services;
- Providing information in the field of cryptocurrency;
- Technical consulting in the field of risk management training;
- Educational services, namely, business training regarding risk monitoring in the field of crypto transactions;
- Providing software as a service for continuous crypto transaction monitoring and analysis;
- Providing software as a service for assessing exposure to fraud, compliance, regulatory and reputational risk related to crypto transactions.
Michael Kondoudis, a trademark attorney, tweeted the news earlier today.
This filing follows those submitted by Mastercard in April in order to enter the metaverse and embrace NFTs. Following that, Mastercard began collaborating with NFT marketplaces and Web3 providers to let users use their Mastercard cards to make NFT purchases.
Also, it recently launched Crypto Source, a new program that will enable financial institutions to provide safe cryptocurrency trading capabilities and services to their consumers.