American Express recently filed trademarks for multiple products, including Amex, Centurion & the Shop-mall program. According to the US patent, American Express plans to provide financial services and security to help with fraud detection inside the metaverse. In addition, AmEx intends to bring travel, transport, and entertainment services all within the metaverse.
AmEx Metaverse Express
AmEx has positioned itself among other financial giants moving into Web3, such as Mastercard and Visa. With recent filings sparking another bullish move to the metaverse American Express has remained silent on further metaverse intentions.
A spokesperson for AmEx spoke on the company’s current perspective with the metaverse.
“American Express is always monitoring emerging technologies to see how they could benefit our customers, and the metaverse is a space we’re following. We have no plans to share at this time but are watching as this space evolves.”
On top of providing financial services and security within the metaverse. Reported AmEx plans say that the company is exploring opening a digital marketplace for NFTs. As large corporations find viable avenues to explore the metaverse, we will see further implementation from those who consider the move too risky.
Last year, the Visa corporation purchased CryptoPunk 7612 for 49.5 Eth after announcing the formation of the crypto advisory group. Tasked with advising clientele on worthy investments inside the crypto space, Visa explored a new opportunity for their consumers.
“Over the last 60 years, Visa has built a collection of historic commerce artifacts – Today, as we enter a new era of NFT-commerce.”
Additionally, companies such as Mastercard launched Cryptocurrency-Linked payment cards in 2021. Just last month, JP Morgan announced the launch of ‘The Onyx Lounge’ in Decentraland. While global banking giant HSBC recently partnered with the Sandbox metaverse. As the metaverse continues to expand, American Express metaverse trademarks might be a smart move by the corporation.
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This article is educational material.
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