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PayPal, Western Union File Trademark Applications in Metaverse

Published 10/26/2022, 10:25 AM
Updated 10/26/2022, 10:30 AM
© Reuters. PayPal, Western Union File Trademark Applications in Metaverse
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  • Western Union (NYSE:WU), and Paypal filed trademark applications with the US Patent and Trademark Office.
  • Paypal has filed trademark applications for Paypal and its “overlapping Ps logo.”
  • Companies filing trademark applications in crypto and metaverse have recently increased.

Western Union, a financial service provider, and PayPal (NASDAQ:PYPL) Inc., an online payments solution, filed trademark applications with the United States Patent and Trademark Office (USPTO).

On October 18, PayPal filed three trademark applications that cover “PAYPAL and its Ps Logo” with USPTO. USPTO licensed trademark-attorney Mike Kondoudis shared a Twitter post with the details of the filings made by PayPal.

In the Twitter post, Kondoudis stated:

PayPal has filed trademark applications for PayPal and its ‘overlapping Ps’ logo. The apps claim plans for exchanging, trading, and processing transfers of blockchain + digital assets, crypto + digital + virtual currencies … and more.

A section from PayPal’s trademark application explicitly explains that the trademark covers “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.”

Following PayPal’s filing of the trademark application, Kondoudis shared on Twitter that Western Union had filed for three trademark applications.

The filed applications for trademark by Western Union cover financial, banking, insurance, virtual currency exchange and transfer, commodity and crypto trading, brokerage, and issuing tokens of value to name a few among the many others.

Interestingly, companies filing for trademarks in crypto and metaverse seems to be a trend. Specifically, during the early days of the previous month, Formula One, a car racing event organizer, filed eight trademark applications with the USPTO. Ford, an automobile manufacturer also jumped on the bandwagon by filing nineteen trademark applications, while Facebook (NASDAQ:META) owner Meta applied for five applications in May.

The post PayPal, Western Union File Trademark Applications in Metaverse appeared first on Coin Edition.

See original on CoinEdition

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