Mastercard Files Trademark for Crypto Blockchain

Mastercard plunged into the crypto world. (Photo; Doc. Charged retail)

JAKARTA - Mastercard, a leading payment processing company, has submitted trademark proposals for a number of crypto blockchain devices as part of its latest advances in the digital asset space.

According to information obtained from the United States Patent and Trademark Office, Mastercard's goal is to introduce software that will facilitate crypto transactions and build relationships between virtual asset service providers.

In its trademark application, Mastercard explains that it plans to cover several categories of application programming interface (API) software. These categories include software for verifying interactions using blockchain networks, software for processing or exchanging digital currencies and blockchain transactions, identity management and authentication tools, and software for connecting virtual asset service providers to other financial institutions to facilitate crypto transactions. and exchange of consumer metadata.

Leading trademark attorney Mike Kondoudis has given the app some serious attention. Mastercard's move is part of a series of steps they have taken in the crypto space so far this year.

In April, Mastercard partnered with Aptos Labs, the company that developed the Aptos layer-1 blockchain (APT), to create a common standard in the form of the Mastercard Crypto Credential. This new framework includes remittance and payment solutions that use blockchain technology.

Additionally, in March, Mastercard also announced a partnership with cryptocurrency exchange Bybit to launch a debit card that allows users to make transactions using digital assets. Through these steps, Mastercard is demonstrating its commitment to adopting blockchain technology and expanding its services into the crypto space.

With this trademark application, Mastercard hopes to expand its presence in the digital asset sector and strengthen its position as a major player in the payments industry. This step also shows that the company is trying to continue to innovate and respond to technological developments that are currently taking place in the global financial world.