Ethereum
$ 1,233.33 1.36%
Solana
$ 41.16 0.58%
Dogecoin
$ 0.067749 0.99%
ApeCoin
$ 4.77 6.86%
Bitcoin
$ 21,381.00 0.63%
BNB
$ 237.99 0.60%

Ripple files new trademark application for “PayString”

cryptocurrency
  • Blockchain company, Ripple has filed for a new trademark with the USPTO for PayString.
  • The platform could be used for monetary service, as the filing was categorized under electronic financial service.

Ripple, the blockchain payment company behind the fourth-largest cryptocurrency (XRP), is cooking something new which is being speculated to be another monetary services product. Judging from recent developments, one might say that the San Francisco company is getting ready for a big push in business. Recently, the company rebranded about two of its products, as Cryptopolitan reported. 

It also raised complaints about the US unfriendly environment for crypto companies and planned to move its headquarters from the country if the regulators don’t change their stance on the cryptocurrency industry. 

Ripple opens “PayString” trademark application

The development today was observed by a Ripple cryptocurrency supporter, Janna One Trick. She tweeted that the company filed for the “PayString” trademark on November 6. Further research into the development proved that the trademark was filed with the USPTO, i.e., the United States Patent and Trademark Office. Per the information, the trademark application was categorized under “Insurance and Financial” and “Advertising and Business.”

The PayString filing with the USPTO filing reportedly has the same description as RippleNet. The description on the web page reads that the filing covers electronic financial services for the new platform. The blockchain company hasn’t officially announced the development, nor the actual use case for PayString. However, the details so far suggest the platform won’t operate far from digital payment service.

Ripple payment services

Earlier in October, the company rebranded its affiliate platform, dubbed Xpring to RippleX. The platform develops core technology solutions that allow seamless integration of payment functions on applications. The rebranding also brought changes to the platform’s executives. As recently as November 8, the company opened a regional base in Dubai International Financial Centre. This follows its recent plan to move its United States headquarters abroad. 

Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

Related News

Hot Stories

Crypto News Alert – A New Meme Coin That Will Process 50,000 Transactions Per Second
Polkadot price analysis: DOT price will break above the closest resistance level found at $ 9 over the weekend
Bitcoin price analysis: BTC slowly retests $21,500, ready to return lower?
Monero Price Prediction 2022-2031: Is XMR Price Going Higher?
3 Innovative Coins Presenting Unique Income Opportunities

Follow Us

Industry News

Margin calls and bot liquidations add chaos to crypto as its market cap hits $964b
Bitpanda lays off workers amid the market decline
Coinbase to launch Nano BTC features aimed at retail traders on June 27
Namibian University will offer master's degree in blockchain technology soon
Uphold announces restriction of Venezuelan users