JPMorgan officially registers for a crypto wallet trademark

Banking giant JPMorgan Chase Co. has officially been granted its trademark for a digital wallet with cryptocurrency features by the United States Patent Office (USPTO) two years after it submitted its application.

The announcement was made by the U.S. Patent and Trademark Attorney Michael Kondoudis on Nov.21.

Granted on Nov. 15, the J.P. Morgan Wallet will offer services like virtual currency transfer and exchange, crypto payment processing, virtual checking accounts and financial services.

On Nov. 2, JP Morgan completed its first cross-border transaction on Polygon in partnership with Singapore-based banks, DBS Bank and SBI Digital Asset Holdings.

On Oct.11, the banking giant partnered with Visa to integrate JP Morgan's blockchain product Liink with Visa’s B2B Connect network.

In Oct, 2020, the bank launched its JPM stablecoin and the world’s first bank-led blockchain Onyx to support the development of innovative products, platforms and marketplaces.

Photo: Getty