Facebook registers Bitcoin, cryptocurrency service
Facebook’s application was submitted to the Bureau of Industrial Property (INPI) in Brazil on October 5, 2021 and is in the process of being reviewed.

Facebook (now renamed Meta) has filed trademark applications for several new blockchain-related products in Brazil. According to the published filing, Meta will focus on developing hardware systems and applications related to the field of cryptocurrencies and Bitcoin.

According to BeInCrypto, the application was submitted to the Bureau of Industrial Property (INPI) in Brazil on October 5, 2021 and is in the process of being reviewed.

Products and services tied to cryptocurrencies such as exchanges, hot and cold wallets are mentioned by Facebook in the filing, according to CoinTelegraph.

“Design, build, and implement crypto transaction validation, including Bitcoin-related transactions conducted on third-party applications,” Meta’s filing describes the product development roadmap. .

Since rebranding to Meta, the company has shifted its focus to products related to the metaverse and Web3, the next generation of Internet built on blockchain.

Facebook has terminated its Diem stablecoin project, which it has been pursuing since 2019. Meta announced that it is working with investment banks to assist them in transferring assets and intellectual property associated with it. Project Diem. This stablecoin journey is the first step of an ambitious metaverse for the next 10 years.

Last week, Meta announced that they were developing a feature that would allow users to display digital works tied to a non-fungible token (NFT) on their cover photo and wall. Facebook said it will launch an NFT shop on their social networking platform in the near future.

In May last year, Facebook boss Mark Zuckerberg made the online community “wave” when he posted an article on his personal page about Bitcoin.

Mark Zuckerberg is a highly influential figure in the technology world, and is the co-founder and CEO of Facebook – the world’s largest social network. Mark Zuckerberg is famous for being a quiet, tight-lipped billionaire. So when the Facebook boss posted a picture of two goats and mentioned Bitcoin, the online community paid special attention.

The online community also speculated about the photo showing off Mark Zuckerberg’s goat. Some people think that this technology billionaire is trying to influence Bitcoin like Mr. Elon Musk (boss of electric car company Tesla and technology group SpaceX) is doing with Dogecoin.

Dao Vu (According to Zing, VOV)