Ripple Rebrands PayID After 13 Banks Sue for Copyright Infringement

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Ripple Rebrands PayID After 13 Banks Sue for Copyright Infringement

San Francisco-based crypto company Ripple has registered a new trademark for a product called PayString with the U.S. Patent and Trademark Office (USPTO). Based on court documents, however, the rebrand may be nothing more than the resolution of a lawsuit.

Ripple Rebrands Following Lawsuit
The trademark application was accepted on Nov. 13, with more details provided on USPTO’s. The trademark application was accepted on Nov. 13, with more details provided on USPTO’s website.

The trademark description says, “PAYSTRING™ trademark registration is intended to cover the categories of electronic financial services. Specifically, PayString will offer monetary services for receiving and disbursing remittances and monetary gifts in fiat currencies and virtual currencies over a computer network.

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