Earlier we had reported about a deal in between Meta Platforms Inc, and Meta Financial Group. The $60 million deal is now looking to benefit the company in establishing a new division.
The deal allowed Meta Platforms Inc, to use Meta Financial Group’s mark around the world. One of the subsidiaries of the Group was MataBank. MataBank’s domain name MetaPay.com was also transferred in the deal.
It appears that the company is now ready to use the domain name, as evident from its trademark filings. Meta Platforms Inc, has applied for 5 trademarks related to MetaPay.
The information on the trademark filings indicates Meta’s great interest in the Cryptocurrency Sector. MetaPay could be used for Cryptocurrency exchange services as well as various types of different Payment services.
MetaPay’s name is short, easy, memorable, brandable and pretty catchy. MetaPay could be used for enabling fast transactions through the phone. Google already has a mobile wallet and a payment services platform by Google Pay.
Meta has been focusing on cryptocurrencies seriously. However its plans haven’t brought desired results. Reality Labs, one of its Metaverse focused arm, lost $3 billion in 2022’s first quarter alone. Its shares continue to fall in 2022.
Could MetaPay change the game? What do you think? Answer us in the comments.