Meta, the world’s largest social media platform, has filed a trademark application with the Brazilian authorities to design, develop and provide hardware and software for various services related to Bitcoin (BTC) and cryptocurrencies.
Meta was recently rebranded from Facebook to better align with Metaverse developments, despite the regulatory hurdles it faced during its many previous attempts to enter the cryptocurrency space.
Accelerating these efforts, Meta has filed a trademark application with the Brazilian National Institute of Industrial Property (INPI) for cryptocurrency products and services related to trading platforms, wallets and exchanges.
Further investigations by Cointelegraph reveal a translated version of product and service specifications to be registered as trademarks for Meta, as shown below:
“Design, develop, and implement software for third-party digital currency transaction verification services, including (but not limited to) Bitcoin transactions.”
Meta posted an application for registration on January 25 and is currently awaiting objections before being approved by INPI. According to the filing, Meta’s trademark order was placed on October 5, 2021 from Jamaica.
Related: Apple stock jumps after CEO reveals he’s investing in the Metaverse
During the company’s Q1 2022 earnings announcement, Apple CEO Tim Cook said he sees significant potential in the Metaverse space, leading to a sudden spike in Apple stock prices.
Shares of Apple (APPL) were reported to jump 8% to $167.23 after hours. In response to a question about Apple’s Metaverse capabilities, Cook talked about “the potential in this space and invests accordingly,” adding:
“We’re always looking into new and emerging technologies, and I’ve talked at length about how we’re very interested in that right now.”