PayPal and Western Union File New Trademarks to Expand Crypto Offerings by DailyCoin
PayPal and Western Union file new trademarks to expand crypto offerings
Major Financial Services Providers PayPal (NASDAQ:) and Western Union (NYSE:) are looking to expand their cryptocurrency offerings based on new trademark applications filed by the companies last week.
Paypal files for new brands
In a bid to expand its crypto services, PayPal filed three new trademark applications with the US Patent and Trademark Office on October 18. The filings were announced by renowned trademark attorney Mike Kondoudis. He tweeted:
#PayPal has filed trademark applications for PAYPAL and its “Overlapping Ps” logo twitter.com/FadV1SiCfV
— Mike Kondoudis (@KondoudisLaw) October 24, 2022
The latest apps will see PayPal adopt a new name and logo. Other applications underscore PayPal’s intention to begin exchanging, negotiating and processing transfers of digital assets and cryptocurrency.
Western Union to expand crypto services
Similarly, Western Union’s latest attempt to enter the cryptoverse saw the company file three trademarks on October 18. The filings were revealed by trademark attorney Mike Kondoudis.
According to Kondoudis, the activities covered by the apps include portfolio management, trading of digital assets and commodity derivatives, issuance of value tokens, and brokerage and insurance services.
on the reverse
- Mastercard (NYSE:) is already working with banks to connect financial institutions to the cryptocurrency market.
Why You Should Care
The latest trademarks highlight the growing number of financial service providers looking to engage in the crypto industry.
Read more about PayPal’s moves into crypto below:
Coinbase (NASDAQ:) welcomes PayPal to its TRUST Protocol network
Learn about Western Union’s blockchain adoption in:
Western Union and MercadoLibre (NASDAQ:) to send digital funds to Mexico