Jack Dorsey’s Block sues Bitcoin.com over ‘Verse’ name in Europe
Legal counsel for Block sent letters to Bitcoin.com in July and August 2022 informing the company it was infringing on trademarks under German law, according to reports.
Latest trademark News
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In the eight months of 2022, there have been 4,150 metaverse trademark applications and 5,800 relating to NFTs, eclipsing the previous year’s 1,866 and 2,087, respectively.
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Telegram to pay $625K in Gram trademark lawsuit
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Blockchain Capital sues Florida firm with similar name
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“There is real concern that two services operating in the market with the same name will create confusion, opportunities for fraud and scams and be misleading for customers, who may assume the protections that apply to NPP Australia’s PayID service apply also to the services offered under the Open Payments Coalition banner.”
Despite holding the trademark since March 2017, NPPA was challenged by the launch of the Ripple payment infrastructure, with their PayID scheme launching in June 2020. Ripple partner Open Payments Coalition issued a statement at the time, saying PayID marries traditional finance and “the new world of fintech.”
“PayID brings together companies across all industries with an open solution for payments, marrying traditional finance, and the new world of fintech under one standard. PayID allows individuals to send and receive money across any payment network using an easy-to-read address versus one that’s awkward and unintuitive.”
According to NPAA, the purpose of the lawsuit is to prevent the confusion arising from the alleged infringement, which it says could lead to a rise in fraud and scams.
“The aim of this action is to protect Australian consumers and businesses from potential losses or scams that could arise as a result of confusion created from a payments service using the same name — particularly one that does not offer the same level of protection as the NPP’s PayID, including the backing of the Australian banking sector and an extensive consumer protection framework.”
" title="Ripple faces ‘PayID’ trademark lawsuit in Australia" />Ripple faces ‘PayID’ trademark lawsuit in Australia
Ripple is the subject of fresh legal action in Australia over an alleged trademark infringement in the launch of its ‘PayID’ brand.
Tron Foundation fails attempt to piggyback on Disney’s trademark
The U.S. Patent and Trademark Office (USPTO) dismissed three trademark applications requested in connection with the Tron blockchain project.