American multinational technology conglomerate Meta, formerly known as Facebook, has filed five trademark applications for “META PAY,” expressing its intention to go big in the crypto and virtual space.
The applications, submitted to the U.S. Patent and Trademark Office on May 13, 2022, signal plans to expand into many crypto and virtual products and services, including:
- Blockchain software;
- Virtual currency exchanges;
- Financial and currency trading;
- Managing and validating crypto transactions;
- Digital, crypto, and virtual currencies.
The news was tweeted earlier today by trademark attorney Michael Kondoudis.
Meta Platforms (Facebook) has filed 5 trademark applications for META PAY. The applications signal plans for— Mike Kondoudis (@KondoudisLaw) May 18, 2022
▶️ Digital, crypto, and virtual currencies
▶️ Financial + currency trading
▶️ Virtual currency services
▶️ Blockchain software#NFTs #Metaverse #Cryptocurrency pic.twitter.com/b7eTmm62Xt
This trademark application follows one filed in March for its logo, in which Meta stated aspirations to provide crypto tokens, virtual currency exchanges, and other services.
Meta’s plans and announcements to embrace NFTs, cryptos, and the virtual world are now supported and partially concretized by these applications.
Last month, Meta also announced the opening of its first physical store, ‘The Meta Store’, where people can see and test their virtual reality hardware devices.