American Express Could Be Soon Exploring the Metaverse in recent Trademark Filings

Recent trademark registrations suggest that payments behemoth American Express (AXP) is planning a foray into the metaverse. The corporation applied for trademarks for its logos and products, such as the Centurion black card and the “Shop Small” initiative. Amex is also interested in virtual payments and electronic business transactions for digital media and non-financial transactions.

Amex’s applications come at a time when traditional banks and huge enterprises are increasingly looking to expand their metaverse exposure. JPMorgan recently opened a Decentraland lounge and published a paper on how firms might identify possibilities in the expanding metaverse.

IMA Financial Group, a large insurance broker and wealth management organization based in the United States, has also created a research and development facility in the Ethereum-based metaverse.

With huge payment corporations increasingly attempting to ride on fiat-to-crypto rails, it may only be a matter of time before one can purchase consumer products and services in the metaverse using normal credit cards.

What do you guys think about this news? Let us know by commenting below!

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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CoinCu News

American Express Could Be Soon Exploring the Metaverse in recent Trademark Filings

Recent trademark registrations suggest that payments behemoth American Express (AXP) is planning a foray into the metaverse. The corporation applied for trademarks for its logos and products, such as the Centurion black card and the “Shop Small” initiative. Amex is also interested in virtual payments and electronic business transactions for digital media and non-financial transactions.

Amex’s applications come at a time when traditional banks and huge enterprises are increasingly looking to expand their metaverse exposure. JPMorgan recently opened a Decentraland lounge and published a paper on how firms might identify possibilities in the expanding metaverse.

IMA Financial Group, a large insurance broker and wealth management organization based in the United States, has also created a research and development facility in the Ethereum-based metaverse.

With huge payment corporations increasingly attempting to ride on fiat-to-crypto rails, it may only be a matter of time before one can purchase consumer products and services in the metaverse using normal credit cards.

What do you guys think about this news? Let us know by commenting below!

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

KAZ

CoinCu News

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