A USPTO lawyer says PayPal has filed a trademark to increase its crypto choices.
PayPal, an internet fee firm, has reportedly filed trademark functions that may increase its cryptocurrency choices. Mike Kondoudis, a USPTO licensed trademark lawyer, revealed the event in the present day on Twitter.
According to lawyer Kondoudis, PayPal filed the applying on October 18, 2022, to trade, commerce, course of, and switch blockchain and digital property. The main on-line fee firm additionally plans to supply digital foreign money processing providers, as revealed within the utility.
“PayPal has filed trademark functions for PAYPAL and its “overlapping Ps” emblem. The apps declare plans for exchanging, buying and selling, and processing transfers of Blockchain + digital property, Crypto + digital + digital currencies, and so on.,” lawyer Kondoudis mentioned.
Based on particulars, the Paypal trademark utility asks for “Downloadable software program for sending, receiving, accepting, shopping for, promoting, storing, transmitting, buying and selling, and exchanging Digital foreign money, … cryptocurrency, stablecoins…
… Fee processing providers, particularly, offering digital foreign money transaction processing providers for others, monetary providers, particularly, offering stablecoin foreign money, cryptocurrency to be used by others…”
On the time of writing, PayPal is but to reply to a request for remark.
PayPal’s Cryptocurrency Choices
In the meantime, this isn’t the primary time PayPal has showcased an curiosity in cryptocurrencies. In 2020, PayPal launched a brand new service that allows its greater than 350 million prospects to purchase, promote, and maintain Bitcoin throughout the platform. Earlier this yr, PayPal expanded the service, permitting its purchasers to ship Bitcoin and Ethereum out of the platform to their exterior wallets.
As reported, PayPal is contemplating launching its stablecoin backed by the USA greenback.
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