Own cryptocurrency Is Facebook coming for Bitcoin, which has shelved its projects related to its unit?
Facebook’s (Meta) in Brazil bitcoin, cryptocurrency It turned out that he applied for a trademark with the phrases wallet and digital currency trading platform.
The application in question was made in December 2021 and has now become public.
Bitcoin Detail
Bitcoin detail attracted attention in the application. The following statements were included in the application; “Design, development and implementation of software for third-party verification services for digital currency transactions, including (but not limited to) transactions involving Bitcoin currency.”
Will he set up his own stock market?
Another noteworthy statement was about the digital currency trading platform.
“To create an online virtual environment for the sale and purchase of computer services, i.e. digital currency, virtual currency, cryptocurrency, digital and blockchain assets, digitized assets, digital securities, crypto securities and utility securities”
The application in question clearly reveals that Bitcoin is among the future plans of Facebook. For now, this initiative is in Brazil, but given the breadth of Facebook’s user network, it is considered that this move could significantly increase the adoption of Bitcoin.