Paypal and Western Union File Trademarks for Wide Range of Crypto Services

Financial services companies paypal and Western Union have each filed three new trademark applications covering an extensive variety of crypto services. Paypal’s applications are additionally for the installments monster’s logo.

Paypal’s New Trademark Filings for Crypto Services

Paypal Inc. has filed three new trademark applications with the US Patent and Trademark Office (USPTO). Mike Kondoudis, a USPTO-licensed trademark attorney, tweeted Monday:

Filed on Oct. 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, transmitting, 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 U.S. what’s more, U.S. territories (excluding Hawaii) to transact with four unique digital currencies: bitcoin (BTC), ethereum (ETH), litecoin (LTC), and bitcoin cash (BCH). The payments company as of late began allowing clients to transfer crypto to different wallets and exchanges. Recently, Paypal was trapped in a controversy when people on social media noticed that its new terms of service permitted the company to fine clients $2,500 for spreading misinformation. The company subsequently claimed that it was a error.

Western Union Also Files 3 Trademark Applications for Crypto Services

Kondoudis reported Tuesday that financial services company Western Union additionally filed three trademark applications around the same time as Paypal. He wrote:

The serial numbers for Western Union’s applications are 97641189, 97641182, and 97641176.

A growing number of companies have filed trademark applications relating to crypto and the metaverse with the USPTO. Earlier this month, Equation One filed eight trademark applications for “F1” covering numerous crypto and metaverse products and services. Passage 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.