THELOGICALINDIAN - Ripple Labs Inc issuers of the XRP cryptocurrency has filed for a new brand alleged Paystring with the US Patent and Brand Office USPTO
The trademark was filed on Nov. 6 and accustomed on Friday, according to the USPTO website.
Although Ripple did not specify which array of business will abatement beneath the new product, it is notable that the trademark’s allotment description matches that of PayID, a brand it registered on June 17, chat for word.
Both the official description for Paystring and PayID read: “[The]…trademark allotment is advised to awning the categories of cyberbanking banking services, namely, budgetary casework for accepting and disbursing remittances and budgetary ability in authorization currencies and basic currencies over a computer arrangement and for exchanging authorization currencies and basic currencies over a computer network.”
Even the Paystring logo looks identical to that of PayID. It consists of a august amphitheater architecture with four curve of assorted colors beaming from it.
Based on these findings, we can hazard to brainstorm that Paystring is a acquittal service, one anon advised to alter controversy-ridden PayID, and to advice abstain the Australian cloister fight.
San Francisco-based Ripple will absolutely be agog to allocate with PayID. In August, the firm was sued in an Australian cloister for allegedly anarchic a brand acceptance to several bounded banks.
The accusation filed by the New Payments Platform Australia (NPPA), a collective adventure amid the Reserve Bank of Australia and 13 calm banks, claims that Ripple affected its PayID brand.
NPPA’s account has been in actuality for added than two years, allowance to facilitate burning payments beyond 68 actor Australian coffer accounts. Ripple launched its cross-border payments service, additionally alleged PayID, in June, in affiliation with 40 businesses.
What do you anticipate about the Ripple PayID rebranding? Let us apperceive in the comments area below.
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