Major bank HSBC filed trademark application in US Patent and Trademark Office (USPTO) for a wide range of digital currency products and services, including those related to Alternative Tokens (NFTs).
HSBC trademark filings for cryptography-related products and services
HSBC filed two cryptography-related trademark applications with the United States Patent and Trademark Office (USPTO) for its name and logo. I have filed a trademark application. Mike Kondoudis, a USPTO-licensed trademark attorney, said in a tweet on Friday that HSBC’s trademark filing will support the bank’s plans for many digital products and services, including those related to cryptocurrency exchanges and transfers.
HSBC’s cryptocurrency-related trademark application was filed on December 15. Their serial numbers are 97718803 and 97718583. Banks described a wide range of products and services in applications such as sending, receiving, converting and storing digital currency.
The trademark application includes several claims, including “Facilitation of electronically secure payment transactions in the metaverse,” “Providing banking services in the metaverse,” and “Providing virtual credit processing.” Metaverse related products and services are also detailed. Cards, virtual debit cards, virtual prepaid cards, and virtual payment cards can be transacted in the Metaverse. HSBC also included a number of NFT services, such as “downloadable digital files authenticated by non-fungible tokens (NFTs).”
HSBC joined the Metaverse in March in partnership with blockchain virtual gaming platform Sandbox. However, HSBC Group CEO Noel Quinn said in September that cryptocurrencies are not the future of banking.
A growing number of large corporations and financial services institutions are filing trademark applications covering a wide range of digital currency and metaverse products and services. For example, Visa, Paypal and Western Union filed for crypto-related trademarks in October. Last month, JP Morgan Chase acquired a wallet trademark covering various cryptocurrencies and payment services.
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