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Seeking Alpha 2022-03-15 15:53:38

American Express plans to enter metaverse, trademark filings show

American Express (NYSE:AXP) is planning to enter the decentralized metaverse, according to the company's trademark applications filed March 9. Based on the filings, Amex signaled plans to offer non-fungible token backed multimedia, cryptocurrency services and virtual banking and exchange services, Mike Kondoudis, a trademark attorney, wrote in a Twitter post Tuesday. The company also filed trademark applications for its logos and items such as the Centurion black card and "Shop Small" program. The move came after JPMorgan (NYSE:JPM) recently entered the Decentraland (MANA-USD) metaverse, CoinDesk reported. Meanwhile, American Express CEO in Oct. 2021 said there's no rush to offer a crypto-linked card.

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