Trademark Protection and Domain Name Acquisitions Important

Social media giant Meta has submitted five trademark applications for a digital assets trading and payment platform called Meta Pay.

What are the trademarks about?

As per records submitted to the United States Patent and Trademark Office, (USPTO) the company described Meta Pay as an "online networking service for investors allowing financial trades and exchange of digital currency, virtual currency, cryptocurrency, digital and blockchain assets, digital tokens, and crypto tokens.

Key takeaways -

•Meta Pay might offer digital asset financing and investing services. In December 2021, the social media giant paid $60 million for the MetaPay.com domain name and acquired it from the South Dakota-based MetaBank.

•Previously, in March, the company had filed eight trademark applications for services including metaverse, crypto tokens, cryptocurrencies, blockchain software, crypto exchanges, and crypto trading.