Payment card service company American Express (Amex) is considering joining the metaverse, thereby enabling virtual transactions and and the use of the Amex credit card for the purchase of NFTs in the metaverse.
Amex has filed seven trademark applications in the NFT and metaverse categories with the U.S. Patent and Trademark Office. The trademarks contain the company’s name, logo, and membership rewards. They also list services and products such as the ‘Centurion Black Card,’ an exclusive credit card with no spending limit, and the ‘Shop Small’ program, a nationwide movement supporting small businesses and helping communities thrive.
AMERICAN EXPRESS has filed 7 trademark applications for its logos and AMERICAN EXPRESS AMEX CENTURION SHOP SMALL MEMBERSHIP REWARDS
Indicating plans to offer NFT backed multimedia Cryptocurrency services Virtual banking + exchange services#NFTs #Metaverse #web3 pic.twitter.com/g06qSTUDYH
— Mike Kondoudis (@KondoudisLaw) March 15, 2022
Last October, Amex CEO Stephen Squeri stated that he doesn’t see crypto as a threat to the credit card industry. Although American Express currently has no plans to launch a credit card linked to cryptocurrency yet, the card is approved for stablecoin transactions.
On the Flipside
In February, Wall Street bank JP Morgan decided to enter the metaverse by opening a lounge in the ‘Decentraland’ virtual world, becoming the first bank worldwide to do so. EMAIL NEWSLETTERJoin to get the flipside of crypto
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Blockchain, Market News, NFTs, Web 3.0, American Express, Amex, metaverseRead More
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