Meta registers trademarks for cryptocurrency-related products

<p>Meta, formerly known as Facebook, has registered a trademark in Brazil. The application, which was filed with the Brazilian National Institute of Industrial Property (NPI), covers a wide range of crypto products and services.</p> <p>Meta's foray into the cryptocurrency sector has propelled it ahead of other tech behemoths. As part of its metaverse plans, Facebook rebranded as Meta towards the end of last year. In addition, the company is working on the Novi crypto wallet.</p> <p>In Brazil, Meta registers a trademark</p> <p>The INPI trademark application seeks to enable Meta to launch cryptocurrency-related products and services. Trading, wallet, and cryptocurrency exchange operations are examples of these services.</p> <p>Meta's product line was not specified in the application. However, the application's details indicate that the services will be focused on Bitcoin and other cryptocurrencies.</p> <p>Part of the trademark registration stated, "Design, development, and implementation of software for third-party verification services for digital currency transactions, including (but not limited to) transactions involving Bitcoin currency."</p> <p>On January 25, Meta announced the registration of this trademark. The INPI has not yet approved the registration. According to the publication, Meta filed its trademark application for the first time in October 2021, from Jamaica.</p> <p>Tech behemoths are concentrating their efforts on cryptocurrency</p> <p>Meta isn't the only tech behemoth concentrating on cryptocurrency offerings. Apple is also interested in blockchain technology, particularly the metaverse. Tim Cook, Apple's CEO, stated during a recent earnings call for Q1 2022 that Apple would tap into the potential of the metaverse. Apple's stock price recovered slightly as a result of the announcement.</p> <p>Because of the opportunities available in the metaverse, Cook stated that Apple was "investing appropriately" in it. Apple, however, has yet to make its metaverse plans public, unlike other tech beh