HSBC Files New Web3 Trademark Application
The new Web3 trademark filing from HSBC includes plans for virtual credit cards in the metaverse, NFT-backed media, software for transactions in the metaverse, and more.
London-based bank HSBC has filed yet another new Web3 trademark application, further showing its intention to expand into the world of crypto and the metaverse.
This new trademark application filing was reported by USPTO licensed trademark attorney Mike Kondoudis and includes details related to virtual credit cards, metaverse banking, NFT-backed media and more.
The application was filed on June 12 and reveals that the largest European bank has intentions to potentially create software designed for making safe payment transactions in the metaverse. In line with keeping things secure, the trademark also mentions software for preventing fraud and verifying identity in the metaverse and similar digital spaces, as well as software for offering banking services in the metaverse. There are also mentions of “downloadable virtual goods” which includes programs “featuring bank cards, cash cards, cheque cards, debit cards” and more that could be used in virtual worlds and online.
The other part of the application also mentions “provision of online marketplaces” where users can trade NFTs, as well plans to offer processing of not only virtual credit cards, but also virtual debit cards and virtual prepaid cards, and with all that, “virtual payment card transactions in the metaverse.” Alongside all this, the filing also lists a virtual currency exchange for the “electronic transfer of virtual currencies.”
HSBC is no stranger to the metaverse, having previously filed various NFT and metaverse trademarks in December last year, and even launching a virtual stadium in The Sandbox in that same year, with whom they partnered with in March 2022 to become the first financial services provider to enter the voxel-based metaverse.