Visa, the world’s largest credit card company, has filed a number of trademark applications, implying a larger foray into crypto markets.
On October 27, licensed trademark attorney Mike Kondoudis revealed Visa’s most recent trademark applications.
The applications indicate that the company intends to develop or launch its own digital asset wallet. Software for managing digital, virtual, and cryptocurrency transactions, as well as cryptocurrency wallets, were included in the two trademark filings.
In addition, provisions were made for auditing cryptocurrencies, utility tokens, and blockchain assets.
Furthermore, the trademark applications extended beyond cryptocurrency transaction software and wallets. They also included nonfungible token (NFTs) provisions.
Visa also sought trademark protection for “non-downloadable virtual goods,” such as NFT collectibles. There were even hints of Metaverse ambitions in the descriptions, which state that providing virtual environments in which users can interact for recreational, leisure, or entertainment purposes accessible in the virtual world is one of the company’s goals.
Visa has formed several strategic alliances with cryptocurrency companies in the last year or so. Its most recent collaboration was with Blockchain.com this week to provide a crypto debit card. Cuy Sheffield, Visa’s head of crypto at the time, stated that global acceptance was required for crypto adoption to continue to grow.
