Ripple is once again addressing the USPTO, this time for the „PayString“ brand
Ripple, the developer of various XRP-based products, has filed yet another new trademark with the US Patent and Trademark Office, or USPTO.
Submitted on November 6, the „PayString“ trademark application offers little information about the business or product that will be advertised under this name. In fact, the description of the trademark is identical to the one used by Ripple for the registration of „Ripplenet“ several months ago.
According to this description, PayString covers Bitcoin Lifestyle several categories of electronic financial services: the use of fiat and digital currencies for remittances and gifts; the receipt and delivery of electronic payments in fiat and digital currencies; exchange services for fiat and digital currencies; verification services for financial transactions; financial administration and management services for the transmission of digital currencies through electronic communication networks.
In August, Ripple submitted two more applications for registration with the USPTO with the same descriptions used for Ripplenet and PayString. The application for another brand, Ripple Impact, indicated its purpose as a solution dedicated to services for charitable foundations.
While the company is committed to registering new trademarks in the United States, a long-standing dispute has resurfaced this week. Well-known trader and analyst Peter Brandt said that the US security regulator, the Securities and Exchange Commission, would declare XRP a security if it only „included cryptos“:
„XRP would be declared a security if the SEC included crypto. This is a classic case of market manipulation at the hands of an investor“.