Virtual currency services, as well as other services, can all be made available under the new bank brand.
Key TakeawaysJP Morgan registered a trademark to protect a digital wallet, and related cryptocurrency processing services.
The trademark is not limited to crypto, but can be used to other financial services.
The trademark is currently being used by the company in conjunction with a service that provides subledgers for business.
Share this article Bank giant JPMorgan Chase applied for a trademark to trademark a digital wallet with crypto-related features in July 2020. The filing was approved on November 15th. It can also be used to apply to other financial services such as virtual checking accounts, Automated Clearing House payments (ACH) payments, and bill payment processing. JP Morgan filed a trademark for “JP Morgan Wallet” in July 2020. The trademark was finally approved on November 15. It performed that transaction with two Singapore-based banks, DBS Bank and SBI Digital Asset Holdings.Additionally, JP Morgan partnered with Visa on October 11. That partnership aimed to integrate JP Morgans’s blockchain product Liink with Visa’s B2B Connect network.Also this year, JP Morgan carried out an on-chain transaction involving the settlement of BlackRock assets, opened a space in the blockchain-based virtual world Decentraland, and commented on Ethereum’s recent merge.The banking giant continues to operate various cryptocurrency-related product lines, including its blockchain network Onyx and its private stablecoin, JPM Coin.Those developments, though not directly related to today’s news, will put the bank in a strong position to expand its crypto services under its new wallet brand.Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and other digital assets.Share this articleThe information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. does not provide investment advice. We do not provide personalized investment advice or any other financial advice. This website’s information is subject to change at any time. The information on this website could become obsolete or incorrect. You may not be able to update any information that is outdated, incomplete or inaccurate. We also reserve the right to change any information that is incorrect, incomplete or outdated. If you need investment advice about an ICO, IEO or other investment, we strongly recommend that you consult a licensed financial advisor or other qualified financial professional. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.See full terms and conditions.Recommended News
