Facebook’s Parent Company Might be Launching Crypto Payments Platform

Earlier this month, Meta — formerly known as Facebook — submitted five new applications for trademarks with the U.S. Patent and Trademark Office. The applications would be for a new platform called Meta Pay, indicating the social media giant is aiming to unveil a new cryptocurrency-oriented payments platform later this year.

Trademarks typically take approximately eight months to process.

In December 2021, Meta purchased MetaPay.com for $60 million from MetaBank in South Dakota, hinting at a future business venture using the name.