In a bid to expand its crypto services, PayPal filed three new trademark applications with the United States Patent and Trademark Office on October 18th. The filings were announced by the popular trademark attorney Mike Kondoudis. He tweeted:
The latest applications will see PayPal adopt a new name and logo. Other applications highlight PayPal’s intention to begin exchanging, trading, and processing transfers of digital assets and cryptocurrency.
Similarly, Western Union’s latest attempt to enter the cryptoverse has seen the company file three trademarks on October 18th. The filings were revealed by trademark attorney Mike Kondoudis.
According to Kondoudis, the activities covered by the applications include managing wallets, exchanging digital assets and commodities derivatives, issuing tokens of value and brokerage, and insurance services.
The latest trademarks highlight the increasing number of financial services providers looking to engage in the crypto industry.
Find out more moves from PayPal into crypto below:
Coinbase (NASDAQ:COIN) Welcomes PayPal to Its TRUST Protocol Network
Read about Western Union’s blockchain adoption in:
Western Union and MercadoLibre (NASDAQ:MELI) to Send Digital Remittances to Mexico
See original on DailyCoin
Source: Cryptocurrency - investing.com
