/biz/ - Business & Finance

Ripple Files Trademark for Possible New Payments Service

>Filed with the U.S. Patent and Trademark Office (USPTO) late last week, the application is classified in the U.S. under the general categories "Advertising and Business" and "Insurance and Financial."

>The filing describes use cases in "electronic financial services, namely monetary services for receiving and disbursing remittances and monetary gifts in fiat currencies and virtual currencies over a computer network and for exchanging fiat currencies and virtual currencies over a computer network."

>All of which does fit in with Ripple's existing business model of providing distributed ledger-based technology for payments between institutions such as banks and money senders, some of which use the XRP cryptocurrency.

>The USPTO filing for RippleNet, the firm's primary offering, has the same description.

https://www.coindesk.com/ripple-files-trademark-for-possible-new-payments-service

Ripple Files Trademark for Possible New Payments Service

>Filed with the U.S. Patent and Trademark Office (USPTO) late last week, the application is classified in the U.S. under the general categories "Advertising and Business" and "Insurance and Financial."

>The filing describes use cases in "electronic financial services, namely monetary services for receiving and disbursing remittances and monetary gifts in fiat currencies and virtual currencies over a computer network and for exchanging fiat currencies and virtual currencies over a computer network."

>All of which does fit in with Ripple's existing business model of providing distributed ledger-based technology for payments between institutions such as banks and money senders, some of which use the XRP cryptocurrency.

>The USPTO filing for RippleNet, the firm's primary offering, has the same description.

https://www.coindesk.com/ripple-files-trademark-for-possible-new-payments-service