[ad_1]
Following the payment protocol – Ripple’s recent launch of its new beta service – dubbed Line of Credit, Ripple may now be working to introduce a new product. A Twitter user and a dedicated XRP fan found that Ripple recorded a file brand name for what could be its new product called “PayString”.
The branding consists of a stylized circle with four lines radiating from it, as shown in the image below:
Image source: Twitter
The Twitter user who chose the name Janna One Trick drew attention to the fact that this new brand was similar to the trademark registered in June by PayID, the open source standard supported by Ripple for transmitting money. According to the user, not only do the logos look alike, they also have a remarkably similar brand description.
Image source: Ripple
However, the new “PayString” trademark was filed with the US Patent and Trademark Office (USPTO) with the application be classified into general categories such as “Advertising and business” and “Insurance and financial”. Ripple applied to register the trademark on November 6, 2020.
According to the filing, the trademark registration is intended to cover the categories of “electronic financial services, that is, monetary services for receiving and disbursing remittances and monetary gifts in fiat currencies and cryptocurrencies over a computer network and for exchanging currencies. legal and virtual currencies on a computer network. “
At the time of writing, it is unclear what kind of product could be linked to this brand and for now it only invites speculation. It is important to note that the trademark registration for RippleNet has the same description in your filing as well.
[ad_2]Source link
