Mastercard filed a trademark application to provide security services related to cryptotransactions.
Mastercard is expanding rapidly within Web3, with a particular emphasis on cryptocurrencies.
Its most recent move is the filing of a trademark application to provide security services related to cryptocurrency transactions.
The trademark application, titled “Mastercard Crypto Secure” and filed with the USPTO on November 22, 2022, includes the following information.
- Business risk assessment services;
- Financial risk assessment services;
- Provision of information in the field of cryptocurrency;
- Technical consulting in the field of risk management training;
- Educational services, namely, business training related to risk monitoring in the field of cryptotransactions;
- Provision of software as a service for continuous monitoring and analysis of cryptotransactions;
- Provision of software-as-a-service to assess fraud exposure, compliance, regulatory and reputational risk related to cryptocurrency transactions.
Michael Kondoudis, a trademark attorney, tweeted the news today:
#Mastercard has filed another crypto/web3 trademark application. This time it's for:
▶️ MASTERCARD CRYPTO SECURE
— Mike Kondoudis (@KondoudisLaw) November 28, 2022
Mastercard and Web3
Mastercard has been working to drive widespread adoption of NFTs through partnerships with various Web3 platforms.
In January, it partnered with Coinbase to allow users to pay for NFTs with Mastercard credit/debit cards.
In April, it filed 15 trademark applications to offer financial services in the metaverse.
In June, it announced a cross-platform partnership with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway and Web3 infrastructure provider MoonPay to enable NFT trading on Web3 platforms.
And a few months ago, in Miami, it joined forces with TIME US and Salesforce to launch NFTs later this year.
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