JPMorgan has officially registered a cryptocurrency trademark, according to information gleaned from a USPTO filing that has been made available. The company, known as the "JP Morgan Wallet," plans to allow bitcoin payments, exchanges and transfers.
Now America's largest bank has entered the cryptocurrency industry. With the newly created trademark, JPMorgan plans to provide Bitcoin exchange services to its clients. Also, refilling is allowed from November 15.
Mike Koundudis reported the original paper. JPMorgan Wallet was filed for “Virtual Currency Transfer + Exchange, Cryptocurrency Payment Processing, Virtual Checking Accounts & Financial Services,” according to his tweet.
A fuller image of the official offerings appeared below the official document. Registration enables JPMorgan Wallet to offer services related to the exchange of cryptocurrencies, the transfer of cryptocurrencies when processing blockchain, credit or debit cards, and the creation and administration of virtual checking accounts.