In a recent trademark filing, it was discovered that Jimmy ‘MrBeast’ Donaldson, the world’s most-watched YouTube creator and a prolific entrepreneur, is planning to open a financial institution. The filing names the endeavour as ‘MrBeast Financial’, and categorizes it as ‘downloadable software in the nature of a mobile application for banking services’.
The filing went on to explain that MrBeast Financial would be used to provide short-term cash advances, cryptocurrency exchange services, investment banking services, and consumer lending services.
From YouTube To Big Banking
Jimmy ‘MrBeast’ Donaldson is more than ten years into his journey as a YouTuber, and in that time, he has risen to become the number one personality on the platform. He’s worth hundreds of millions of dollars, and from chocolate bars to restaurants, his entrepreneurial spirit has led him to kickstart many spin-off labels.
In a recent filing with the United States Patent and Trademark Office, it was discovered that Donaldson’s next foray might be into the financial world, with MrBeast Financial, a banking app, having been uncovered.
The MrBeast Financial platform has been described as:
Software as a service (SAAS) services featuring software for banking services, investment banking services, investment management services, providing financial advisory and providing financial consultancy services.
(Thanks to Dexerto for the spot)
The entity would have the power to provide cash advances, issue debit cards, process electronic credit card transactions, and operate a cryptocurrency exchange, amongst other things.
This is all up in the air, as while the application has been submitted, it’s not a promise that such a platform will surface.
What are your expectations of the MrBeast Financial app? Let me know what you’re predicting on the Insider Gaming Discord server.
For more Insider Gaming coverage, check out the news that the former Assassin’s Creed boss was asked to leave Ubisoft
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