Ripple Files Trademark for Possible New Payments Service
New trademark applied for by Ripple Labs Inc
The attentive Ripple enthusiast “Janna One Trick” has drawn attention via Twitter to a new trademark registration of Ripple. The trademark application was submitted on November 6, 2020 and is very similar to the trademark registered by PayID in June. Both the symbols and the literal description of the trademark are strikingly similar.
The description says:
PAYSTRING™ trademark registration is intended to cover the categories of electronic financial services, namely, monetary services for receiving and disbursing remittances and monetary gifts in fiat currencies and virtual currencies over a computer network and for exchanging fiat currencies and virtual currencies over a computer network; electronic financial services, namely, receiving and disbursing payments and monetary gifts in fiat currencies and virtual currencies over a computer network;
Users can use PayID as a standardized format without having to use the everlasting XRP account addresses. PayID is used by 40 globally active companies, with adaptation continuing to increase, especially in e-commerce. Recently Payburner announced to integrate PayID for its users.