One of the biggest payment networks in the world is filing a trademark application for a crypto exchange platform as well as other crypto-related products.
According to new documents, payments giant Visa is filing trademark applications to create a digital assets exchange, a crypto wallet, non-fungible tokens (NFTs), and virtual environments where users can interact.
The filing indicates that Visa’s vice president and associate general counsel, Denise Yee, signed off on the application, which was sent to the United States Patent and Trademark Office.
Last month, it was announced that Visa would be collaborating with crypto exchange platform FTX to offer crypto debit cards to customers in over 40 nations with a focus on Europe, Latin America and Asia.
The debit cards, which have already been released in the US, would be linked directly to the accounts of FTX users, allowing them to pay for items and services using virtual currencies.
As stated by billionaire Sam Bankman-Fried, FTX’s CEO and founder,
“This card allows users to make use of their FTX crypto balances 24 hours a day, 365 days a year securely and with no administrative or processing fees.”
Earlier this year, the credit card giant also launched an NFT-focused program for crypto entrepreneurs. The program, called the Visa Creator Program, was created for company owners who are interested in learning how to incorporate NFT technology into their business models.
The program would also boost participants’ businesses with a one-time cash injection as well as offer select members access to Visa’s team of digital asset experts.
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