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HomeCrypto NewsMarketPayPal Files Trademark to Expand Its Cryptocurrency Offerings 

PayPal Files Trademark to Expand Its Cryptocurrency Offerings 

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A USPTO attorney says PayPal has filed a trademark to expand its crypto offerings.



PayPal, an online payment company, has reportedly filed trademark applications that will expand its cryptocurrency offerings. Mike Kondoudis, a USPTO licensed trademark attorney, revealed the development today on Twitter. 

According to attorney Kondoudis, PayPal filed the application on October 18, 2022, to exchange, trade, process, and transfer blockchain and digital assets. The leading online payment company also plans to offer digital currency processing services, as revealed in the application. 

“PayPal has filed trademark applications for PAYPAL and its “overlapping Ps” logo. The apps claim plans for exchanging, trading, and processing transfers of Blockchain + digital assets, Crypto + digital + virtual currencies, etc.,” attorney Kondoudis said.

According to details, the Paypal trademark application asks for “Downloadable software for sending, receiving, accepting, buying, selling, storing, transmitting, trading, and exchanging Digital currency, … cryptocurrency, stablecoins…

… Payment processing services, namely, providing virtual currency transaction processing services for others, financial services, namely, providing stablecoin currency, cryptocurrency for use by others…”

 

Image source: https://twitter.com/KondoudisLaw/status/1584514892169551872?

At the time of writing, PayPal is yet to respond to a request for comment.

PayPal’s Cryptocurrency Offerings

Meanwhile, this is not the first time PayPal has showcased an interest in cryptocurrencies. In 2020, PayPal launched a new service that enables its more than 350 million customers to buy, sell, and hold Bitcoin within the platform. Earlier this year, PayPal expanded the service, allowing its clients to send Bitcoin and Ethereum out of the platform to their external wallets. 

As reported, PayPal is considering launching its stablecoin backed by the United States dollar.

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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