Tuesday, January 31, 2023
ad
HomeNewsHSBC files Trademarks for various digital currency and metaverse products

HSBC files Trademarks for various digital currency and metaverse products

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.

Read more: Fortuna: Amazon unveils a new library for developing uncertainty quantification of ML models

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.

Subscribe to our newsletter

Subscribe and never miss out on such trending AI-related articles.

We will never sell your data

Join our Telegram and WhatsApp group to be a part of an engaging community.

Manjiri Gaikwad
Manjiri Gaikwad
Manjiri is a computer science graduate from Cummins college of engineering, Pune. She is a simple calm and composed person, who loves to write.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular