{"id":238302,"date":"2022-05-20T10:30:45","date_gmt":"2022-05-20T09:30:45","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=238302"},"modified":"2022-05-20T04:21:39","modified_gmt":"2022-05-20T03:21:39","slug":"meta-trademarks-for-meta-pay-hint-at-plans-for-a-crypto-payments-platform","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/meta-trademarks-for-meta-pay-hint-at-plans-for-a-crypto-payments-platform\/","title":{"rendered":"Meta trademarks for “Meta Pay” hint at plans for a crypto payments platform"},"content":{"rendered":"

In the United States, Meta<\/a>, previously Facebook, has filed five trademark applications for what looks to be a new digital platform called Meta Pay.<\/p>\n

Meta Pay was defined in the trademark applications<\/a> submitted on May 13 as an,<\/p>\n

“online social investment network in the nature of an online social networking services in the field of investments”<\/strong><\/p><\/blockquote>\n

Additional descriptions included “online social networking service for investors allowing financial trades and exchange of digital currency, virtual currency, cryptocurrency,” and “providing a website featuring information on the development of privacy, security, blockchain and distributed ledger technologies, and data governance law; regulatory compliance consultancy in the field of digital currency,”.<\/p>\n

\"metapay\"
Meta's Meta Pay trademark registration on the United States Patent and Trademark Office website<\/figcaption><\/figure>\n

According to the trademark petition, Meta Pay might provide digital asset financing and investing services in addition to payment and trading.<\/p>\n

Meta's newest crypto-related move comes after the company revealed intentions to begin testing NFTs on Instagram earlier this month.<\/p>\n

Meta had previously submitted eight trademark applications for its logo<\/a>, claiming the move was part of the company's shift to the digital economy. These initiatives have gotten off to a shaky start, with the corporation stating that its metaverse-focused arm, Reality Labs lost over $10 billion<\/a> last year.<\/p>\n

Diem<\/a>, the company's stablecoin concept, failed to gain traction because of intense criticism from authorities worldwide. The assets from the project were ultimately sold to Silvergate<\/a>, a bank located in the United States.<\/p>\n

In December 2021, the social media giant paid $60 million<\/a> for the MetaPay.com domain name from the South Dakota-based MetaBank.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the United States, Meta, previously Facebook, has filed five trademark applications for what looks to be a new digital platform called Meta Pay. 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