Wednesday , August 17 2022

Meta Pay: Bank changes name after selling off IP assets

Meta Pay: Bank changes name after selling off IP assets

Meta, Inc., the mother company of Facebook, Instagram, and Whatsapp, has filed for the registration of META PAY in 5 different instances.

These trademark registration applications show that Meta intends to launch a payment platform called “META PAY” where users exchange fiat money and cryptocurrencies.

Facebook “slash” Meta spent $60 million dollars last year to acquire a group of IP assets from US regional bank Meta Financial Group, including such domain names as MetaPay.com and MetaBank.com.

Meanwhile, the bank has revealed its new name, using a “Wordle” panel for the announcement. The new name, Pathward, arrives with the matching .com domain name Pathward.com.

It’s great when new brands are created and money changes hands!

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