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Social media giant Facebook’s parent company, Meta, looks set on launching a payments platform with support for cryptocurrency.
Recent filings with the United States Patent and Trademark Office, or USPTO, on May 13, reveil Meta filed five applications for a platform called Meta Pay.
The filings include Meta’s name to be used in “online social networking service for investors allowing financial trades and exchange of digital currency, virtual currency, cryptocurrency, digital and blockchain assets, digitized assets, digital tokens, crypto tokens and utility tokens.”
This March, Meta submitted eight trademark applications with the USPTO related to its Metaverse plans and use of blockchain technology.
A month ago, an article in the Financial Times reported that Meta has been exploring virtual centralized currencies for its Metaverse.
Just last week, CEO Mark Zuckerberg announced that his company had started pilot testing digital collectibles on Instagram. Meta is the owner of major apps WhatsApp, Instagram, Facebook Messenger and Facebook.