JP Morgan registers trademark for crypto wallet

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According to an official document published on November 21, 2022, JPMorgan has officially registered the "J.P. Morgan Wallet" under the United States Patent and Trademark Office.

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This new enrollment will see the legacy bank offer crypto and bitcoin services to its existing pool of customers.

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Mike Condodis, a USPTO licensed trademark attorney, tweeted that the approval means JPMorgan will now offer “virtual currency transfer + exchange.”

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Document details indicate JPMorgan will offer services related to cryptocurrency transfers on the blockchain

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cryptocurrency exchange services; Cryptocurrency payment processing services including processing crypto payments through credit and cash cards

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Processing cross border payments by handling foreign exchange settlements in different currencies across multiple borders

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Although the trademark approval came on November 15, 2022, it was published only today.

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According to information from Justia, an American website specializing in legal information retrieval, JPMorgan Chase filed for the trademark in July 2020 with serial number 90071872.

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The bank is exploring crypto and blockchain even though CEO Jamie Dimon has been hostile to crypto.

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JPMorgan has joined Fidelity Bank and New York Bank Mellon in offering crypto-related services such as payments and exchanges, as well as other legacy financial institutions.

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