Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of finance and cryptography.
Paypal and Western Union Register Trademarks for Wide Range of Crypto Services – Featured Bitcoin News
Financial services companies Paypal and Western Union have each filed three new trademark applications covering a wide range of crypto services. Paypal’s applications are also for the payment giant’s logo.
Paypal’s new trademark filing for crypto services
Paypal Inc. has filed three new trademark applications with the United States Patent and Trademark Office (USPTO). Mike Kondoudis, a USPTO licensed trademark attorney, tweeted Monday:
Paypal has filed trademark applications for Paypal and its ‘overlapping Ps’ logo. The apps claim plans to exchange, trade and process transfers of blockchain + digital assets, crypto + digital + virtual currencies… and more.
Filed on October 18, the applications’ serial numbers are 97636933, 97636892 and 97636857.
An excerpt from one of the trademark applications explains that the trademark covers “downloadable software for sending, receiving, accepting, buying, selling, storing, transferring, trading and exchanging digital currency, virtual currency, cryptocurrency, stablecoins, digital and blockchain assets, digitized assets , digital tokens, crypto tokens and utility tokens.”
Paypal’s cryptocurrency platform allows customers in the US and US territories (excluding Hawaii) to trade with four different cryptocurrencies: bitcoin (BTC), ethereum (ETH), litecoin (LTC), and bitcoin cash (BCH). The payment company recently started allowing users to transfer crypto to other wallets and exchanges. Earlier this month, Paypal was caught up in a controversy when people on social media noticed that the new terms of service allowed the company to fine customers $2,500 for spreading misinformation. The company later claimed it was a mistake.
Western Union also files 3 trademark applications for crypto services
Kondoudis reported on Tuesday that financial company Western Union also filed three trademark applications on the same day as Paypal. He wrote:
Western Union has filed 3 trademark applications claiming plans for Finance + Banking + Insurance, Virtual Currency Exchange + Transfer, Commodity & Crypto Trading + Brokerage, Issuing Tokens… and much more.
The serial numbers for Western Union applications are 97641189, 97641182 and 97641176.
A growing number of companies have filed trademark applications related to crypto and metaverse to the USPTO. Earlier this month, Formula 1 filed eight trademark applications for “F1” covering many crypto and metaverse products and services. Ford similarly filed 19 trademark applications last month. E-commerce giant Ebay filed two in June, Facebook owner Meta filed five in May, and Mastercard filed 15 related trademark applications in April.
What do you think about Paypal and Western Union filing trademark applications for crypto services? Let us know in the comments section below.
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