The United States Patent and Trademark Office (USPTO) has granted JPMorgan Chase Bank’s trademark registration for “J.P. Morgan Wallet” for use in a wide range of financial services, including virtual currency transfers and exchanges, as well as crypto payment services.
JPMorgan Chase’s Wallet Trademark
JPMorgan Chase Bank has successfully registered a wallet trademark with the United States Patent and Trademark Office (USPTO). Mike Kondoudis, a USPTO-licensed trademark attorney, tweeted Monday that “J.P. Morgan Wallet” is now a registered trademark.
JPMorgan Chase Bank N.A. is listed as the trademark owner. The USPTO granted the bank’s trademark registration on Nov. 15; the application date was July 24, 2020.
The services listed for the J.P. Morgan Wallet trademark include “electronic transfer of virtual currencies,” “financial exchange of virtual currencies,” and “cryptocurrency payment processing,” the USPTO website shows.
JPMorgan Explains What J.P. Morgan Wallet Is and How It Works
The JPMorgan website provides more information about the J.P. Morgan Wallet, which is part of the bank’s e-commerce service for merchants. The firm described the wallet as:
Real-time virtual sub-ledgers that help manage and scale any number of customer, supplier and vendor payments in an organized, easy-to-reconcile way.
The website adds that the wallet connects “via APIs to help simplify domestic and cross-border receivables and disbursements,” noting that it is used “globally for management of highly-scalable virtual accounts in real-time.”
The banking giant further explained that it is “developing sophisticated payments solutions like connected mobility solutions and blockchain platforms that can help you say more to the world.” The firm’s blockchain-based ecosystem is called Onyx by J.P. Morgan.
Onyx has its own coin system that enables “instant transfer and clearing of multi-bank, multi-currency assets on a permissioned distributed ledger,” JPMorgan detailed, adding that its inaugural product solution is JPM Coin. The firm described JPM Coin as “a permissioned system that serves as a payment rail and deposit account ledger that allows participating J.P. Morgan clients to transfer U.S. dollars held on deposit with J.P. Morgan within the system.”
What do you think about JPMorgan Chase obtaining a trademark for J.P. Morgan Wallet? Let us know in the comments section below.
Source: Featured Archives – Bitcoin News
Elon Musk Says Apple Has Threatened to Withhold Twitter From App Store as Battle for Free Speech Escalates
Tech giant Apple has threatened to withhold Twitter from its app store, according to Tesla CEO and Twitter chief Elon Musk. The billionaire added: “This is a battle for the future of civilization. If free speech is lost even in America, tyranny is all that lies ahead.” Apple’s Threat to Musk and Twitter The battle […]
Tech giant Apple has threatened to withhold Twitter from its app store, according to Tesla CEO and Twitter chief Elon Musk. The billionaire added: “This is a battle for the future of civilization. If free speech is lost even in America, tyranny is all that lies ahead.”
Apple’s Threat to Musk and Twitter
The battle for free speech has escalated for Elon Musk and his newly acquired social media company as Apple has threatened to withhold Twitter from its app store, Tesla CEO and Twitter chief Elon Musk revealed Monday, noting that Apple will not say why.
In a follow-up tweet, Musk confirmed that Apple is “making moderation demands.”
According to reports, Apple was one of Twitter’s top advertisers, spending more than $100 million per year advertising on the social media platform. However, Musk tweeted Monday:
Apple has mostly stopped advertising on Twitter. Do they hate free speech in America?
Replying to Musk asking who else has been withheld by Apple, blockchain firm LBRY shared: “During Covid, Apple demanded our apps filter some search terms from being returned. If we did not filter the terms, our apps would not be allowed in the store. Apple may make good products, but they have been opposed to free speech for some time.” The company added, “Apple disallowed almost anything related to Covid, especially vaccines or human origins of the virus,” elaborating:
We had to build a list of over 20 terms to not show results for, only on Apple devices. Apple also later rejected us because users included Pepe images in videos.
In addition, Musk tweeted: “Did you know Apple puts a secret 30% tax on everything you buy through their App Store?” According to Apple’s website, the company takes a 30% “processing” fee from all sales made through its in-app purchase system.
As the free speech discussion intensified, a Twitter user warned Musk: “Is this really a fight we want to pick? An awful lot of your Tesla customers use iOS to access their cars … if that app gets pulled, it’ll significantly impact your ability to sell to Apple customers.” Musk replied: “Are you suggesting Apple would use its duopolist powers to hurt Tesla?”
Battle for Free Speech Intensifies
As the free speech discussion deepened, Musk tweeted that if free speech is lost in the U.S. then tyranny is all that lies ahead, stressing that this is a battle for the future of civilization.
The Tesla executive asked in another tweet: “Why are so many in the media against free speech? This is messed up.”
Many people joined in the free speech thread. “Monopolies should be subject to the same limits we placed on our government in the Bill of Rights,” the pro-bitcoin CEO of Microstrategy, Michael Saylor, opined. “Make no law abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.” Musk agreed, tweeting: “Absolutely, especially if done in collusion with the government.”
Musk said Friday that he will make an alternative phone if Apple and Google boot Twitter from their app stores.
What do you think about Apple threatening to withhold Twitter from its app store and Elon Musk’s fight for free speech? Let us know in the comments section below.
Source: Featured Archives – Bitcoin News