The largest American cryptocurrency company Coinbase intends to register a trademark BUIDL. This is known from the application on the website of the Office for patents and trademarks of the United States.

Popular cryptosuite the term “buidl” comes from the word “build” (build). This word is formed by analogy with the term “hodl”, meaning long-term investment in digital assets. BUIDL involves the creation and development of new blockchain-based products, and not just storage scriptaction.

The application explains that the term “BUIDL” refers to the software on the SaaS model (software as a service) that provides tools “to transactions using virtual currency.” In particular, these SaaS solutions will include “management, purchase, sale, storage, sharing, sending and receiving virtual currency”.

We will remind, in the summer of this year, Coinbase has filed a patent application for a system of safe payments using bitcoin.