Meta goes Brazil to trademark Bitcoin and crypto services

Meta, the world’s biggest social media platform, has filed a trademark registration with the Brazilian authorities to design, develop and provision hardware and software for various Bitcoin (BTC) and crypto-related services. 

Meta recently rebranded from Facebook as a move to better align with the Metaverse developments despite regulatory hurdles faced during its numerous previous attempts to enter the crypto space.

Accelerating this effort, Meta filed a trademark registration with the Brazilian National Institute of Industrial Property (INPI) for crypto products and services related to trading, wallets and exchanges platforms.

Further investigations from Cointelegraph reveal a translated version of the specifications about the products and services to be trademarked for Meta, as shown below:

"Design, development and implementation of software for third-party verification services for digital currency transactions, including (but not limited to) transactions involving Bitcoin currency."

Meta published the application for registration on Jan. 25 and is currently awaiting opposition prior INPI approval. According to the filing, Meta’s trademark filing order was placed on Oct. 5, 2021, from Jamaica.

Related: Apple stock jumps after CEO reveals it's investing in the Metaverse

During the company’s Q1 2022 earnings call, Apple CEO Tim Cook said that he sees considerable potential in the Metaverse space, resulting in a sudden spike on Apple stock prices.

As Cointelegraph reported, Apple stocks (APPL) jumped up 8% to $167.23 in after-hours trading. Answering one of the questions about Apple’s opportunities within the Metaverse, Cook spoke about the “potential in this space and are investing accordingly,” adding:

“We're always exploring new and emerging technologies and I've spoken at length about how it's very interesting to us right now.”