JPMorgan Officially Registers Crypto Wallet Trademark
JPMorgan has formally registered a cryptocurrency trademark, according to information gathered from a USPTO application that was granted. The company, aptly known as “JP Morgan Wallet,” plans to allow bitcoin payments, exchanges, and transfers.
Now, the biggest bank in America has entered the cryptocurrency industry. With the newly created trademark, JPMorgan plans to provide Bitcoin exchange services to its clients. Additionally, the filling was authorized as of November 15.
Mike Koundoudis reported the original document. JPMorgan Wallet had filed for “Virtual Currency Transfer + Exchange, Crypto Payment Processing, Virtual Checking Accounts, and Financial Services,” according to his tweet.
A fuller image of the official offerings emerged under the official paper. The registration enables JPMorgan Wallet to offer services related to cryptocurrency exchange, cryptocurrency transfers on a blockchain, credit or cash card payment processing, and the creation and administration of virtual checking accounts.
JPMorgan registered the trademark in July 2020. Furthermore, it will be intriguing to see how the JP Morgan Wallet evolves under what may be the most unpredictable market in history. As a result, the volatility has increased since FTX, one of the largest exchange platforms for cryptocurrencies, was completely destroyed.
JP Morgan started enabling its clients to invest in cryptocurrency funds in August 2021. This was a service provided by the bitcoin investing company New York Digital Investment Group. The action was followed by its ongoing entry into the market for virtual currencies.
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