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Ripple, the developer of various XRP-based products, has filed another new brand name with the United States Patent and Trademark Office, or USPTO.
Filed on November 6, a filing for the “PayString” brand provides scant information on what business or product will be marketed under its canopy. In fact, the trademark registration description is identical to that used for Ripple’s “ripplenet” filing earlier this year.
According to this description, PayString covers the range of different categories of electronic financial services: the use of fiat and digital currencies for remittances and gifts; receive and deliver electronic payments in fiat and digital currency; currency exchange services, always fiat and digital currency; financial transaction verification services; and financial management and administration services for the transmission of digital currency via electronic communications networks.
In August, Ripple filed two more trademark applications with USPTO that included the same application descriptions of ripplenet and PayString. In contrast, Ripple Impact sought to cover categories of charitable foundation services.
As the company deals with registering new trademarks in the United States, a long-standing controversy re-emerged this week. Notable trader and chart analyst Peter Brandt said that the US securities regulator, the Securities and Exchange Commission would have declared XRP a stock if it “understood cryptocurrencies”:
XRP would have been declared as a stock if the SEC understood cryptocurrencies. This is a classic case of a market manipulated by a bag holder.
– Peter Brandt (@PeterLBrandt) November 10, 2020
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