• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Binance.US Takes Action Amidst SEC Complaint: Delists Over 40 Trading Pairs
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Binance.US Takes Action Amidst SEC Complaint: Delists Over 40 Trading Pairs
Mastercard Crypto

Mastercard Files 15 Metaverse And NFT Trademark Applications – A ‘Priceless’ Move?

Christian Encila by Christian Encila
1 year ago
in metaverse, NFT
0

A prominent financial services institution has jumped on the cryptocurrency trademark bandwagon, filing fresh trademark rights for virtual worlds, nonfungible tokens, and more.

Mastercard has filed 15 trademark applications for its brand name, the tagline “Priceless,” and its circles logo, all of which allude to metaverse and NFT objectives. This is a significant step for the payments processing giant following the launch of Start Path for cryptocurrency.

Suggested Reading | Epic Games Secures $2 Billion From Sony And LEGO To Build ‘Child-Friendly’ Metaverse

The company announced in a statement that:

“The initiative will provide participants with access to value-added services and creative solutions, since the new cohort is a critical component of MasterCard’s digital asset strategy.”

Mastercard Joins Metaverse Race

The US Patent and Trademark Office details plans for a virtual community for interacting with digital assets, payment card processing in the Metaverse, an online marketplace for buyers and sellers of downloadable digital products, and virtual reality events.

Another application demonstrates plans to utilize the company’s red and yellow “Circles” branding to process card transactions for the payment of products and services in the Metaverse and other virtual worlds.

The metaverse is a virtual domain that enables individuals from all over the globe to communicate with one another using virtual and augmented reality, simulating how people connect in the real world.

Crypto-Enabled Tech & NFTs

Mastercard’s renowned motto, coined in 1966, is: “There are some things that money can’t buy; for everything else, there is Mastercard.”

In February, Mastercard employed 500 new personnel to advise banks and merchants on the use of cryptocurrency-enabled technologies and NFTs.

Crypto total market cap at $1.81 trillion on the daily chart | Source: TradingView.com

NFTs can serve as a gateway to the metaverse, certifying ownership of virtual assets such as digital art and collectibles.

This is not, however, Mastercard’s first move into the NTF industry. In January, the company began accepting Mastercard payments for NFTs on Coinbase’s new NFT marketplace.

Others Join The Patent Bandwagon

American Express and Visa have also filed patent applications relating to cryptocurrency.

American Express submitted seven applications in relation to its branding through virtual payment cards, concierge services in the metaverse, and the use of its cards in a non-fungible token sector.

Visa filed a patent application for a digital currency in 2020 and is currently working on implementing a native digital currency on its card networks.

Suggested Reading | Meta Is Testing A New Digital Economy In Horizon Worlds — As Company Loses $10 Billion In The VR Market

HSBC also purchased a piece of digital land in The Sandbox metaverse in March to engage with sports, e-sports, and gaming aficionados.

According to research, the metaverse business opportunity will exceed $800 billion by 2024.

Mastercard is expanding its presence in the virtual space in order to avoid disintermediation — particularly in metaverses built on decentralized blockchains, which by definition have little room for traditional payment networks.

Featured image from BTCHaber, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Christian Encila

Christian Encila

Related Posts

Binance SEC Metaverse

Blow For Metaverse, SEC Classifies SAND And MANA As Securities

2 days ago
Blur Blend Loan

More NFT Holders On Blur Are Taking Loans, Not Trading

2 weeks ago
NFT sells for $2.5 million

Broke To Big Bucks: Bankrupt Crypto Firm’s NFT Assets Sell For $2.5 Million At Auction

3 weeks ago
NFTs

Are We Witnessing A NFT Capitulation? Market Sees Biggest Drop Of 2023

4 weeks ago
Elon Musk

Elon Musk Effect: Miladys NFT Floor Price Skyrockets Because Of This Tweet

4 weeks ago
Epic Games

Epic Games CEO Laughs Off ‘Death’ Of Metaverse, Says 600 Million To Attend Its ‘Wake’

4 weeks ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    6 days ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    6 days ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    6 days ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • DigiToad (TOADS) Stands tall against Dogecoin (DOGE) with...

    5 hours ago
  • Bitcoin (BTC) or the New Favorite, InQubeta (QUBE) ?...

    6 hours ago
  • Bitfinex and GoCrypto announce the listing of the GoC token

    8 hours ago
  • Discover the 3 promising Altcoins Whales are accumulating...

    9 hours ago
  • Tornado Cash Developer Set Free, InQubeta (QUBE) Presale...

    10 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.