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PayPal, the leading online payment provider, has filed trademark applications for “PayPal” and its logo for Web3-related purposes.
According to the applications, which were filed with the USPTO on October 18, the company intends to provide:
- downloadable software for sending, receiving, accepting, buying, selling, storing, transmitting, trading and exchanging digital currency, virtual currency, cryptocurrency, stablecoins, digital and blockchain assets, digitized assets, digital tokens, crypto tokens and utility tokens;
- downloadable software for managing and validating digital currency, virtual currency, cryptocurrency, stablecoin, digital asset, blockchain asset, digitized asset, digital token, crypto token and utility token transactions;
- downloadable software for use as a digital currency, virtual currency, cryptocurrency, stablecoin, digital asset, digital token, crypto token, and utility token wallet;
- downloadable software for transfers of digital currency, virtual currency, cryptocurrency, stablecoins, digital and blockchain assets, digitized assets, digital tokens, crypto tokens and utility tokens between parties.
Michael Kondoudis, a trademark attorney, tweeted the news.
Although the company’s goals are unclear at the time, the submission of these trademark applications demonstrates its intention to enter the Web3, and maybe enable its payment system throughout the worlds of crypto, NFTs, and the metaverse.
