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Facebook goes Bitcoin – Meta applies for a trademark for crypto services in Brazil

 


The application announced on January 25 was submitted at the beginning of October 2021 and is currently being examined.


Meta, the group behind the social media platforms Facebook, WhatsApp and Instagram, has registered a trademark with the Brazilian Patent Office for the development of hardware and software products related to Bitcoin ( BTC ) and other cryptocurrencies.


The Facebook group, which recently renamed itself Meta in order to better connect to the virtual crypto universe Metaverse, is thus taking its next step in the direction of the crypto industry. However, the previous advances of the influential social media group have always encountered a lot of headwind .


Perhaps also to avoid the dispute with US politics, Meta has now applied for a trademark for crypto products and services with the Brazilian National Institute of Industrial Property (INPI) .


Among other things, Meta plans to:


"The design, development and release of software for the verification of crypto transactions, including (but not limited to) transactions involving Bitcoin."


The application was publicly announced on January 25 and will soon be examined by the Brazilian Patent Office. However, the application was submitted on October 5, 2021.


With Apple, another large technology group had already confirmed this week that further investments in the crypto industry are planned. The company's share price rose noticeably as a result.


As Cointelegraph reported, Apple (APPL) stock is up 8% in just a few hours. When asked specifically, the managing director admitted that his company sees “great potential” in the industry, especially in the Metaverse, and wants to invest accordingly.



"We're always looking for new and innovative technologies, and I've talked at length before that we're very interested in that [at the Metaverse] at the moment."

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