Apple App Store removes crypto wallet TokenPocket after PayPal complaint

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PayPal’s lawyers informed TokenPocket about the dispute over the company’s trademark earlier this year. Global payments giant PayPal is going after cryptocurrency wallet TokenPocket over an alleged trademark infringement.

Apple has temporarily removed the TokenPocket wallet from the App Store, the company announced on Thursday. According to the firm, the reason for removal was a complaint from PayPal concerning an alleged trademark issue.

TokenPocket said that it had received communications from PayPal over the dispute with the company’s trademark in a letter earlier this year. TokenPocket stressed that it is willing to resolve the issue in a friendly way and that PayPal “has no more replies to this.”
Source: Cointelegraph

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PayPal and TokenPocket founded in 2018, TokenPocket is a crypto wallet provider supporting major public blockchains, including Bitcoin, Ethereum, the Binance Smart Chain, Polkadot, Kusama and others. One of the world’s largest payments companies, PayPal debuted cryptocurrency-related services in late 2020.

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But PayPal does not support our Bangladesh, it is only in our neighboring country India. PayPal and TokenPocket did not immediately respond to Cointelegraph’s request for comment.TokenPocket did not explicitly mention the exact reason for the complaint. Online users previously noticed that TokenPocket’s logo looked similar to PayPal.