The US-based footwear giant Nike recently filed a trademark application that suggests the company could have major plans for cryptocurrencies coming down the pike, as the latest cryptocurrency news show. Right now, a lot of analysts are getting familiar with the term Nike crypto coin – as something that we can definitely expect in the future.
Nike’s application would award Nike both a trademark and a service mark over the term “Cryptokicks” if it is accepted by the U.S. Patent ad Trademark Office (USPTO).
The proposal is right now awaiting further examination by an USPTO attorney who will reportedly take up the case in three months’ time. This may even spin off to a Nike crypto coin which would be listed on the cryptocurrency market cap.
Nike has filed a trademark application for CRYPTOKICKS.
The filing indicates that Nike is intending to launch a cryptocurrency called CRYPTOKICKS.
Below is my analysis of the filing and its implications 👇#nike#cryptocurrency pic.twitter.com/82gAPlzrXy
— Josh Gerben (@JoshGerben) April 24, 2019
Nike’s own legalese shows the trademark application and the term Cryptokicks as used for:
“[…] providing a digital currency or digital token for use by members of an on-line community via a global computer network; facilitation of financial transactions using unconventional currency systems and bartering, namely, facilitating transfers of electronic cash equivalents; facilitation of crypto-currency transactions, namely, virtual currency exchange transaction services for transferrable electronic cash equivalent units having a specified cash value.”
The filing also notes the various possibilities for “online marketplace services,” “electronic bulletin board services” as well as blogs, games and a Nike crypto coin under the Cryptokicks moniker.
If Nike is awarded this trademark and service mark and chooses to move forward with this project, the company will definitely become influential participant in the crypto space – and Nike crypto coin will definitely be more than just a concept.
The company is right now number 89 on the Fortune 500 list for 2018 with more than $36 billion USD in revenue reported last year. Its company stock (NKE) is tracked in the S&P 100 and the S&P 500. The news about a possible Nike coin went viral on many best cryptocurrency news sites.
It looks like the Nike crypto coin could be a reality if everything goes to plan for Nike. By doing this, Nike will follow the example of JPMorgan and the JPM Coin – as well as the Samsung case and the dubbed Samsung Coin.
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