Meta goes Brazil to trademark Bitcoin and crypto services

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Meta, the world’s largest social media platform, has registered a trademark with the Brazilian government to design, develop and supply hardware and software for various bitcoin (BTC) and cryptocurrencies related services.

Meta recently rebranded it from Facebook to better adapt to developments in the Metaverse, despite the regulatory hurdles it has faced during its many previous attempts to enter the cryptosphere.

To expedite this work, Meta has registered a trademark with the Brazilian National Institute of Industrial Property (INPI) for cryptocurrency products and services related to trading, wallets and exchange platforms.

Registration of the Meta trademark in the Brazilian INMI. Source: INPI
Further research by Cointelegraph reveals a translated version of the product and service specifications that will be registered as a Meta trademark, as shown below:

A translated version of the Meta product and service description.
“Designs, develops, and implements a program of third-party verification services for digital currency transactions, including (but not limited to) Bitcoin transactions.”
Meta released its application for registration on January 25th and is now awaiting prior approval from INPI. According to the filing, the Meta trademark application was filed on October 5, 2021 from Jamaica.

Registration of the Meta trademark in the Brazilian INMI. Source: INPI
Related Threads: Apple stock rises after CEO reveals his investment in Metaverse

During the company’s 2022 Q1 earnings and loss interview, Apple CEO Tim Cook said he sees a lot of potential in the Metaverse space, leading to a sudden increase in Apple stock prices.

Shares of Apple (APPL) surged 8% to $167.23 after hours, Cointelegraph reported. When asked about Apple’s Metaverse capabilities, Cook talked about “the potential in this area and then they invest,” adding:

“We’re always exploring new and emerging technologies, and I’ve been talking about how much we care about them right now for a long time.”

Source: CoinTelegraph

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