One of the most extensive banking giants, HSBC, has filed a trademark application with the United States Patent and Trademark Office (USPTO) for various digital currency products and services related to the metaverse and NFTs (non-fungible tokens).
The trademark application was filed on 15th December, where the HSBC bank described various products and services, including sending, receiving, and storing digital currencies. Mike Kondoudis, a USPTO-licensed trademark attorney, tweeted on Friday that HSBC’s trademark application indicates its plan for digital products and services, including exchanging and transferring virtual currencies. The application even included several NFT services like downloadable digital files, which NFTs authenticate.
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The trademark application also consists of several metaverse-related products and services like facilitating secure payments transactions through electronic means in the metaverse, providing banking services in the metaverse, and offering processing of virtual credit cards, debit cards, prepaid cards, and virtual payment cards transactions in the metaverse.
Besides HSBC, many major corporations and financial institutions have filed trademark applications to cover various digital currencies and metaverse products and services. In October, companies like Visa, Western Union, and Paypal filed crypto-related trademark applications.