Meta has reportedly included cryptocurrency exchange activities in its trademark application in Brazil

The metaverse doesn’t seem to be the only research universe for meta-platforms, Mark Zuckerberg’s new Facebook brand. At least, that is the first impression of the most observant observers in the cryptocurrency world when assessing the breadth of cryptocurrency-focused activity that would have gone into filing for trademark registration with the National Institute of Industrial Property (INPI) late last year.

Although the metaverse carries in its concept the economic and patrimonial development of this world under construction, some descriptive elements of the meta-document to the INPI could theoretically indicate that the package of activities of a cryptocurrency exchange was “unpacked” at the time of the drafting of the document. So much so that in a specific section of the application, Meta speaks of a service with a computer software platform for buying and selling digital, virtual assets, cryptocurrencies, blockchain and other values ​​and digital assets, even announcing the possibility of an online virtual environment for the Buying and selling crypto assets.

Another point in the request that raised alarms was the inclusion of the design, development and implementation of a blockchain network, cryptocurrencies and other types of crypto assets. Which has been interpreted as a message that Zuckerberg has not abandoned the controversial and ambitious project Diem, a Facebook stablecoin formerly called Libra. At the end of last year, Diem encountered fierce resistance in the US Senate.

Meta has reportedly included cryptocurrency exchange activities in its trademark application in Brazil
Meta has reportedly included cryptocurrency exchange activities in its trademark application in Brazil

Bitcoin (BTC) has also been recalled as a cryptocurrency part of a digital wallet in its registration application with Brazil’s federal agency, drawing market attention to a possible digital wallet from the tech giant, parent company of Facebook, Instagram and WhatsApp. Although it cannot be specified whether the wallet in question is Novi de Meta, it began testing payments and receipts via WhatsApp late last year.

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