Bitcoin (BTC) on Brazilian beaches – The crypto media have recently relayed rumors relating to the end of the Diem (DIEM) project of Meta (ex-Facebook). If the stablecoin is about to be buried, Mark Zuckerberg’s company still continues to take a close interest in Bitcoin and cryptocurrencies. Meta even seems to want to expand in this sector under the Brazilian sun, according to recently revealed documents.
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Meta has applied for trademark registration with the Brazilian National Institute of Industrial Property (INPI) for crypto products and services relating to trading platforms, portfolios, and foreign exchange. The company published this request on January 25, 2022 and is currently waiting for the return, before the approval of the INPI.
These products and services would concern the “design, development and implementation of software for third-party verification services for digital currency transactions, including (but not limited to) transactions involving Bitcoin currency”.
So what does Meta have in store for the cryptosphere via this deposit with the Brazilian institution? Although the company is therefore on the verge of abandoning DIEM, it still seems to want to play an important role in the development of the sector.
Facebook and Instagram are reportedly preparing a feature that will allow NFTs to be displayed on social media, a move that will further democratize non-fungible tokens and new finance in general.
Meta isn’t the only social media giant looking to cash in on bitcoin and digital assets in general. Twitter is ahead of him in the field of non-fungible tokens even if the hexagonal profiles of the little blue bird strongly displease anti-NFTs. Twitter has also embarked on a race to develop a solution to better decentralize mining. Will Mark Zuckerberg’s company do better than Jack Dorsey’s?
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