Credit Card Giant Mastercard Has Filed Many Trademark Applications For Cryptocurrency Service.

Mastercard, one of the world’s largest payments company, has filed 15 new trademark applications pertaining to crypto, fintech, and metaverse technology.

The credit card giant’s applications, according to top trademark lawyer Mike Kondoudis, imply that it aims to develop non-fungible token (NFT)-backed media, a payment processing and e-commerce transaction system within the metaverse, and a crypto asset marketplace.

Mastercard has requested trademarks for downloadable multimedia files containing artwork, text, audio, and video verified by NFTs, as well as e-commerce software that would allow electronic commercial transactions to occur through the metaverse, according to Kondoudis’ information.

In addition, the company filed applications for virtual credit cards, debit cards, and prepaid cards, as well as the ability to make payments in the metaverse using these digital cards.

The company also registered trademarks for metaverse events and performances, as well as online communities relating to digital assets.

According to the data, the number of NFT trademarks filed so far this year has topped the combined total from the previous year.

According to the lawyer’s data, 1,967 applications have been filed so far in 2022, compared to 1,965 requests for the entire year of 2021. Only 23 applications were submitted in 2020.

Earlier this year, Mastercard collaborated with Coinbase, a renowned US-based crypto exchange platform, to develop an NFT marketplace that would allow Coinbase clients to pay for digital collectibles with their Mastercard debit and credit cards.

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