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Western Union and Paypal Trademarks Crypto Services

Applications for the Paypal logo are also available.

28 Oct 2022 By: Shikha Jha
Western Union and Pa

Paypal and Western Union, two financial services corporations, have each submitted three new trademark applications that cover numerous crypto services.

Applications for the Paypal logo are also available.

New Trademark Applications from Paypal for Crypto Services

The United States Patent and Trademark Office has received three new trademark applications from Paypal Inc. (USPTO). The trademark covers "downloadable software for sending, receiving, accepting, buying, selling, storing, transmitting, trading, and exchanging digital and blockchain assets, digitised assets, digital tokens, crypto tokens, and utility tokens," according to an excerpt from one of the trademark applications.

Customers can transact with four distinct cryptocurrencies through Paypal's cryptocurrency platform in the United States and U.S. territories (apart from Hawaii): bitcoin (BTC), ethereum (ETH), litecoin (LTC), and bitcoin cash (BCH). Users can now transfer cryptocurrency to different wallets and exchanges thanks to the payments company. Earlier this month, Paypal became the subject of debate after social media users discovered that the company's updated terms of service permitted it to fine users $2,500 for disseminating false information. Later, the business claimed that it was a mistake.

Furthermore, Western Union submits three trademark applications for digital services.

According to Kondoudis' report from Tuesday, Western Union, a provider of banking services, also submitted three trademark applications on the same day as Paypal.

With the USPTO, an increasing number of businesses have submitted trademark applications pertaining to cryptocurrencies and the metaverse. Formula One registered eight trademarks for "F1" earlier this month, encompassing numerous goods and services related to cryptocurrencies and the metaverse. Ford submitted 19 trademark applications in a similar manner last month. Two were submitted by the world's largest online retailer Ebay in June, five were submitted by Facebook owner Meta in May, and fifteen were submitted by Mastercard in April.