Meta has filed trademarks for both cryptocurrency exchanges and wallets, giving us a look at what the company may have planned for the future of digital currencies. The filing comes as no surprise, given Meta’s focus on streamlining the user experience for cryptocurrency investors. However, it’s still an exciting development nonetheless! Here’s everything you need to know about Meta’s plans for crypto exchanges and wallets.
Meta, Facebook’s proposed cryptocurrency, is one of the company’s most ambitious projects to date. And it looks like they’re planning to make a big splash in the crypto world with their own exchange and wallet. The filing for these trademarks was first spotted by CoinDesk, and it gives us a glimpse into Meta’s plans for the future of digital currencies.
The filing for the “Meta Exchange” trademark was made on May 21st, 2019, and it’s for an “online marketplace for buying, selling, or trading meta tokens.” The exchange would presumably be used to trade Meta’s own cryptocurrency, as well as other digital assets. This is an exciting development, as it would give Meta a direct way to connect with users and facilitate transactions.
The filing for the “Meta Wallet” trademark was made on May 23rd, 2019, and it’s for a “software application for storing, sending, and receiving meta tokens.” This wallet would presumably be used to store Meta’s own cryptocurrency, as well as other coins.
This update comes as little surprise to the Cryptocurrency world, as Meta’s CEO, Mark Zuckerberg announced last week that Instagram would soon be integrating NFT’s into the platform.
Their applications for the trademarks hit a number of categories and industry spaces, such as e-commerce, gaming, and even dating. Their efforts in the web3 world have arguably been around for some time, with their leadership in developing their Oculus augmented-reality wearable product. The largest question mark, then, falls to whether or not the media and tech titan will be able to adequately execute on their NFT projects and carve out a place for themselves in the growing web3 world.