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Meta went to Brazil to register Bitcoin and crypto facilities

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Meta submitted their registration application on January 25 and is now expecting resistance before being approved by the INPI.

Meta, the world's leading social media system, has applied for a trademark in Brazil to develop, create, and provide hardware and software for a variety of Bitcoin (BTC) and crypto-related services.

Despite regulatory challenges experienced throughout its multiple past tries to access the crypto field, Meta lately renamed from Facebook to closely line with Metaverse initiatives.

Meta expedited this attempt by registering a trademark for crypto products and services linked to trading, wallets, and exchange platforms with the Brazilian National Institute of Industrial Property (INPI).

 "Design, development and implementation of software for third-party verification services for digital currency transactions, including (but not limited to) transactions involving Bitcoin currency."

Meta submitted their registration application on January 25 and is waiting to receive resistance and INPI approval. Meta's trademark filing order was made on Oct. 5, 2021, from Jamaica, as per the filing.

Apple CEO Tim Cook stated on the company's Q1 2022 earnings call that the Metaverse space has a lot of potentials, leading Apple stock prices to skyrocket.

Apple shares (APPL) surged 8% to $167.23 in after-hours trade, as reported earlier. Cook commented on the "potential in this space and are investing accordingly" in response to one of the inquiries about Apple's prospects in the Metaverse. He added, “We're always exploring new and emerging technologies and I've spoken at length about how it's very interesting to us right now.”

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