Giant Bank Gets Patent For Crypto Wallet!

It has been revealed that JPMorgan, one of the largest banking institutions in the global financial sector, has recently made a new move regarding crypto.

Mike Kondoudis, one of the most famous patent researchers in the USA, shared on Twitter that the giant bank received a trademark registration from the authorized government agency to provide crypto wallet service.

JP MORGAN WALLET is now a registered trademark for:
▶️ Virtual currency transfer + exchange
▶️ Crypto payment processing
▶️ Virtual checking accounts
▶️ Financial services

The USPTO granted the #JPMORGAN application on Nov 15#NFTs #Metaverse #Crypto #web3 #NFT #Finance pic.twitter.com/Qg2wSeqtFf

— Mike Kondoudis (@KondoudisLaw) November 21, 2022

Bank for crypto service “JP MORGAN WALLET” created a new brand. According to the statement in JPMorgan’s new trademark patent, the new trademark; It covers crypto payment transactions and cryptocurrency trading.

This initiative is not the first breakthrough made by the giant bank for the sector. JPMorgandoes not hide its interest in blockchain and digital assets from its inception.

JPMorgan Loves Crypto

JPMorgan officials, nearly 10 years ago “A payment system like Bitcoin” He had loudly expressed his desire to create. In 2018, the bank applied for a patent to use the blockchain network for interbank payments.

The giant financial institution also served its customers last October. metaverse and DeFi announced that it is working to give the opportunity to choose a digital identity on its platforms. In the first days of November, the bank conducted its first DeFi trade through the Monetary Authority of Singapore (MAS).