The National Institute of Industrial Property (INPI) a patent granting authority under the Ministry of Economy of Brazil has granted the right to Confectionary firm Roma to use the word Bitcoin and its stylized B as a brand for its upcoming chocolate coin.
The company has yet to start production of the chocolate crypto coin, but the design of the product and its packaging has been finalized. The company is now just waiting for a go ahead from the management.
Bitcoin chocolate will join its other branded coins such as Lost Treasure and Real 1 Coins.
Under the Industrial Property Law (Law 9.279 / 96) of Brazil, no firm or individual now can use the word Bitcoin as a trademark or product. The trademark was published in the Intellectual Property Journal on April 23rd.
Roma is the first company in Brazil that has been able to get its hands on the Bitcoin as a trademark. In the past, there have been around 8 different applications for patents in the South American country, all of whom had been rejected. This includes the famous BitcoinToYou exchange, owned by Vivar Tecnologia.
Bitcoin Inspired Products
Firms all over the world have been trying to leverage on the Bitcoin phenomenon and have launched products that are inspired from the largest cryptocurrency in the world. This ranges from a regular product with the Bitcoin symbol, such as the Bitcoin Flaskto a mouse padthat imitates the Nike logo containing a candle graph, along with the words “Just Hodl it“.
Ancora1919, the famous pen manufacturer also had launched a limited edition of a Bitcoin Penlast year. The pen was available as a fountain and a ball roller version. The writing instrument was printed with Bitcoin logos all over and each pen had a unique production number, reflecting the uniqueness of each Bitcoin.
Roma is a major confectionary firm in Brazil. Starting its production in 1994 as a family business, it mainly produced Easter eggs. It shifted to a purpose built facility in 1999 when the sales volume and demand got too high and the home production could not satisfy it.