{"id":26562,"date":"2022-10-26T15:49:02","date_gmt":"2022-10-26T10:19:02","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=26562"},"modified":"2022-10-26T15:49:02","modified_gmt":"2022-10-26T10:19:02","slug":"paypal-western-union-to-expand-crypto-offerings","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/paypal-western-union-to-expand-crypto-offerings\/","title":{"rendered":"PayPal, Western Union to expand crypto offerings"},"content":{"rendered":"

Financial services firms PayPal Inc. and Western Union filed several new crypto trademark applications with the United States Patent and Trademark Office (USPTO) to offer a wide range of crypto services.<\/p>\n

PayPal filed for three new crypto trademarks, while Western Union also filed for three on the same day, according to the USPTO-licensed trademark attorney Mike Kondoudis.<\/p>\n

Kondoudis took to Twitter<\/a> pointing out that \u201cPayPal has filed trademark applications for PayPal and its \u2018overlapping Ps\u2019 logo. The apps claim plans for exchanging, trading, and processing transfers of blockchain + digital assets, crypto + digital + virtual currencies.\u201d However, Western Union\u2019s crypto trademark applications were more specific and looked like they were planning something with token issuance, insurance, an exchange platform and so on.<\/p>\n

According to Kondoudis<\/a>, \u201cWestern Union has filed 3 trademark applications claiming plans for financial + banking + insurance, virtual currency exchange + transfer, commodity and crypto trading + brokerage, issuing tokens of value.\u201d<\/p>\n

Earlier this month, CoinSwitch reported<\/a> that PayPal withdrew a policy change that aimed to impose a fine of $2,500 on its users for spreading \u201cmisinformation.\u201d PayPal claimed that the policy update went \u201cout in error.\u201d<\/p>\n

A company spokesperson claimed that the Acceptable Use Policy notice which recently went out was \u201cin error that included incorrect information.\u201d He further confirmed that \u201cPayPal is not fining people for misinformation\u201d.<\/p>\n

PayPal\u2019s move to withdraw the policy came after it suffered considerable backlash on Twitter from eminent names like David Marcus, CEO of Bitcoin-based startup Lightspark, and PayPal\u2019s former president and Tesla CEO Elon Musk. Others like Maple Finance co-founder Sid Powell also made comments on the incident, explaining to users the need to have custody over their own funds.<\/p>\n","protected":false},"excerpt":{"rendered":"

Financial services firms PayPal Inc. and Western Union filed several new crypto trademark applications with the United States Patent and Trademark Office (USPTO) to offer a wide range of crypto services. PayPal filed for three new crypto trademarks, while Western Union also filed for three on the same day, according to the USPTO-licensed trademark attorney […]<\/p>\n","protected":false},"author":97,"featured_media":26563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[6467,6536,8426,8930],"class_list":["post-26562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-news","tag-paypal","tag-western-union"],"acf":{"json_ld_schema":"\n[{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#FAQPage\",\"headline\":\"Wall Street jottings: A personal, guided tour to investing in US stocks\",\"keywords\":\"Personal Guide, US Investing, \",\"datePublished\":\"2022-07-22T13:28:55+05:30\",\"dateModified\":\"2022-09-19T19:04:28+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Palak Malhotra\",\"description\":\"\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/palak\/\",\"sameAs\":[],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8a4eb1eaba29a875ba204825d6530ed2?s=96&d=mm&r=g\",\"height\":96,\"width\":96}},\"image\":[{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#primaryimage\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings.jpg\",\"width\":\"1800\",\"height\":\"1080\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x900.jpg\",\"width\":\"1200\",\"height\":\"900\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x675.jpg\",\"width\":\"1200\",\"height\":\"675\"}]}]\n","json_ld_custom_schema":"","youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Article Default Disclaimer","key_takeways":false},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/97"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=26562"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26562\/revisions"}],"predecessor-version":[{"id":26568,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26562\/revisions\/26568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/26563"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=26562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=26562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=26562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}