After spending over two years in limbo, JPMorgan Chases application for a trademark for a digital wallet with crypto features has finally been approved by the United States Patent Office. As per the filing, the bank filed a trademark for the JP Morgan Wallet in July 2020, which was approved on November 15th, 2022. The trademark text indicates that the new wallet can be applied to online services such as crypto payment processing, electronic transfer of digital currencies via an online community, and the exchange of various virtual currencies. It should also be mentioned that the trademark does not only cover crypto services, as it can additionally be used for other financial services such as virtual checking accounts, ACH payments, bill payments, and e-check processing.
