Meta is presently awaiting final approval of an agreement with Brazil and Brazilian authorities to register applications, which will upend the game and enable them to enter a new market.
Meta filed for registration in late January and is presently awaiting objections prior to INPI clearance in Brazil; given Meta’s goal of bridging a gap for Bitcoin and other cryptocurrencies with its new hardware development, might the business assist add Brazil to the list of crypto destinations?
Meta registered a trademark with the Brazilian government and the Brazilian National Institute of Industrial Property (INPI) for cryptocurrency trading, wallets, and exchange platforms
A metacoin platform is a kind of information technology infrastructure that supports the exchange of digital currencies and their underlying digital assets. It is based on the distributed ledger technology generally referred to as a blockchain. Bitcoin and Ethereum are two popular metacoin systems.
Meta, the world’s largest social networking platform, has registered a trademark in Brazil for the purpose of designing, developing, and providing hardware and software for a variety of Bitcoin and cryptocurrency-related services. To summarise, this is the “design, development, and implementation of software enabling third-party verification services for digital currency transactions, including (but not limited to) Bitcoin currency transactions.”
The National Institute of Intellectual Property (IPNI) is a French administrative public agency charged with the responsibility of receiving and issuing industrial property titles such as brevets and patents. Meta applied early this year and has been awaiting approval for some time; if approved, the action might open the doors and increase exposure for cryptocurrency in Brazil.
Meta just filed for registration and is presently awaiting objection prior to INPI approval. Meta’s first trademark filing order was made on October 5 of last year, according to the filing.
Meta has lately undergone significant rebranding, most notably around crypto and blockchain technology, and more specifically around its larger Facebook product, in order to better match with metaverse developments. Meta persists despite regulatory roadblocks encountered during its several efforts to join the crypto market. Meta is one of the biggest social media networks, despite its popular portrayal as the’social media for boomers.
After establishing a relationship with Facebook and parting ways with some previous crypto execs, Meta has shown a keen eye for the future – can they maintain their momentum going forward?
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