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Jafrin Ahmed
May 19, 2022
by Jafrin Ahmed

Meta Files Trademark for ‘Meta Pay’, Hinting at Crypto Services

Meta pay trademark applications
Meta, formerly Facebook, has submitted five trademark applications in the United States under the name of “Meta Pay” in what appears to be a new digital payments platform that will integrate various cryptocurrency and blockchain-related products.

Meta Could Soon Launch Crypto-Related Services

According to filings submitted to the U.S. Patent and Trademark Office (USPTO) on May 13 Meta has filed 5 trademark applications for 'Meta Pay' platform.

The application described Meta Pay as an ‘online social networking service for investors who wish to trade finance, exchange cryptocurrencies, virtual currencies, cryptocurrencies, digital digital assets and blockchains.’

In addition to payments and transactions, Meta Pay will probably give more loan and investment solutions, in accordance with other information in the application.

The social media giant previously acquired the MetaPay.com domain name from the South Dakota-based MetaBank in a $60 million deal in December 2021.

Meta's Foray Into Web3 and Metaverse

Meta previously filed eight trademark applications for its logo with the company as part of its pivot towards metaverse and blockchain technology.

CEO Mark Zuckerberg also said on May 9 that the company had begun testing digital collectibles on Instagram, signaling a move toward adding non-fungible tokens, or NFTs.

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Meta Files Trademark for ‘Meta Pay’, Hinting at Crypto Services
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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