PayPal Files Patent Application, Looks To Integrate Payment Solutions With NFTs
Portfolio Pulse from Khyathi Dalal
PayPal (NASDAQ:PYPL) has filed a patent application for a system that would enable the transfer and trading of non-fungible tokens (NFTs) within its network. The system aims to facilitate off-chain transactions through NFTs in a market platform, offer digital wallets associated with the NFT marketplace, and allow users to buy and sell NFTs using fiat currency or other cryptocurrencies. Mastercard (NYSE:MA), a PayPal competitor, has also filed 15 NFT and metaverse trademark applications.
September 28, 2023 | 8:36 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Mastercard's filing of 15 NFT and metaverse trademark applications indicates its intention to expand into these areas.
Mastercard's trademark applications suggest that it is also planning to expand into the NFT and metaverse markets, which could potentially increase its user base and transaction volumes.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
PayPal's patent application for an NFT trading system could potentially expand its services and attract more users.
The patent application indicates PayPal's intention to expand into the NFT market, which could potentially attract more users and increase transaction volumes on its platform.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80