Reports said that Meta, the world’s biggest social media platform, has filed a trademark registration with the Brazilian authorities to design, develop and provision hardware and software for various Bitcoin (BTC) and crypto-related services.
It has been reported that Meta recently rebranded from Facebook as a move to better align with the Metaverse developments despite regulatory hurdles faced during its numerous previous attempts to enter the crypto space.
However, accelerating this effort, Meta filed a trademark registration with the Brazilian National Institute of Industrial Property (INPI) for crypto products and services related to trading, wallets, and exchanges platforms.
The report stated:
"Design, development and implementation of software for third-party verification services for digital currency transactions, including (but not limited to) transactions involving Bitcoin currency."
Likewise, Meta published the application for registration on January 25 and is currently awaiting opposition prior to INPI approval. According to the filing, Meta’s trademark filing order was placed on October 5, 2021, from Jamaica.
During the company’s Q1 2022 earnings call, Apple CEO Tim Cook said that he sees considerable potential in the Metaverse space, resulting in a sudden spike in Apple stock prices. As reported, Apple stocks (APPL) jumped up 8% to $167.23 in after-hours trading.
Thus, Cook said:
"We're always exploring new and emerging technologies and I've spoken at length about how it's very interesting to us right now."