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Visa takes first step to create its own bitcoin wallet

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Key facts:
  • In addition to cryptocurrencies, the wallet will support digital currencies and NFTs.

  • The application mentions a desktop version and an online version.

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Multinational financial services company Visa is beginning to implement its plan to develop its own wallet for bitcoin (BTC) and other cryptocurrencies. The U.S. company has filed an application for product registration with the U.S. Patent and Trademark Office (USPTO).

According to data provided by the company itself in the. form which he filed with the USPTO, the portfolio would have both a desktop and an online version. It would include support not only for cryptocurrencies, but also for other cryptoassets. such as non-fungible tokens or NFT and digital currencies in general.

In the details of the form completed by Visa, it describes non-downloadable software for users to view, store, manage, trade, send, receive and exchange cryptocurrencies, digital currencies and digital assets or on the blockchain.

In addition, online software for all of the above actions is included in the registry ID.

There is a sentence in the visa application that also suggests. That the company might be interested in developments in the metaverse.

In particular, it reserves the right to “provide virtual environments in which users can interact for recreational, entertainment or training purposes accessible in the virtual world.”

Visa Application.
Excerpt from Visa’s application to register its own bitcoin wallet. Source: USPTO.

Visa and Mastercard move closer to bitcoin and cryptocurrency

This development by the U.S. financial and credit services giant is in addition to other initiatives taken in the past by the same company and its competitor Mastercard.

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For example, as CryptoNews reports, Seen has become a partner with several Latin American exchanges to offer payments with its cards. using bitcoin balances on these platforms. Similarly, Mastercard works for the same purpose In cooperation with the Binance exchange.

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