Visa International Service Association on Oct. 22 filed two trademark applications that hinted at plans of launching a crypto wallet, according to a Twitter post by trademark attorney Mike Kondoudis.
See related article: Visa to launch first Bitcoin-linked card in Australia
Fast facts
- The credit card giant filed applications for non-downloadable software used “to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange digital currency, virtual currency, cryptocurrency, digital and blockchain assets, and non-fungible tokens.”
- The trademark application also included filings for software for the “management of digital transactions” and “use as a cryptocurrency wallet.”
- Visa’s filing also featured non-fungible tokens (NFTs), referred to as “non-downloadable virtual goods, namely, a collectible series of non-fungible tokens.”
- The company also hinted at metaverse ambitions, as it filed for software “providing virtual environments in which users can interact for recreational, leisure or entertainment purposes accessible in the virtual world.”
- Visa began to offer crypto-linked Visa cards, which exceeded US$1 billion in the first half of 2021. It is also no stranger to NFTs, having purchased a CryptoPunk for 49.50 Ether in August 2021, worth around US$150,000 at the time.
See related article: Hong Kong sees high engagement with crypto, Visa research shows