One of the world’s leading financial firms is filing a trademark to launch its new crypto services provider, JPMD.
According to a new application with the United States Patent and Trademark Office, JPMorgan Chase Bank is seeking to trademark JPMD for a new cryptocurrency services platform.
According to the filing, JPMD will provide the following services, and more:
“Providing trading, exchange, transfer, and payment services for digital assets, namely, virtual currency, digital currency, digital tokens, payment tokens, decentralized application tokens, and blockchain-enabled currency;
Issuance of digital assets, namely, virtual currency, digital currency, digital tokens, payment tokens, decentralized application tokens, and blockchain-enabled currency;
Payment processing services in the field of digital assets, namely, virtual currency, digital currency, digital tokens, payment tokens, decentralized application tokens, and blockchain enabled currency…”
The news comes on the heels of a report that some of the world’s largest multinationals are also looking to get into crypto.
Walmart, Amazon, and other massive global companies are reportedly also looking into the benefits of having their own stablecoins.
According to a report by The Wall Street Journal, anonymous people familiar with the matter say that some of the world’s largest retailers are considering issuing their very own dollar-pegged crypto assets in the US in an effort to save billions of dollars in transaction fees.
Such a move would mark a major shift away from the traditional finance system, which includes the nation’s largest banks and credit providers.
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