Mastercard to enter the Metaverse and NFT business
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Seems like even the old traditional payment giants can't ignore the newest trends.
Mastercard has filed 15 trademark applications regarding the usage of its brands in the Metaverse. The company, which previously had shown an interest in crypto, is set to deepen its integration in the virtual economy.
According to filings the company has registered in the United States Patent and Trademark Office, Here's what Mastercard is about to do. First of all, the company has stated its commitment to use its brands in the NFT market.
Also, Mastercard plans to process transactions in the Metaverse. This includes the processing of virtual credit cards, virtual debit cards, virtual prepaid cards, and virtual payment card transactions in the Metaverse.
Moreover, in the future we might see the NFT marketplace backed by Mastercard; according to filings, the company has shown interest in this area.
And finally, Mastercard has indicated its interest in organizing events and performances in the Metaverse. Namely in the fields of finance, cryptocurrency, and NFTs.
So, now Mastercard has joined the plethora of big companies that are into this Metaverse thing. What do you think, is this going to be 'the next big thing' such as the Internet? Or is it going to flop? Tell me your opinion in the comments below.
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