Global payment giant PayPal is harassing crypto wallet TokenPocket over alleged trademark infringement.
Apple said Thursday that it has temporarily removed the TokenPocket wallet from the App Store. According to the company, the reason for the removal was a complaint with PayPal about an alleged trademark issue.
TokenPocket said they received messages from PayPal regarding the company’s trademark dispute in a letter earlier this year. TokenPocket confirmed that they are willing to resolve the issue amicably and that PayPal “has no more answers to this”.
“We attach great importance to this and have sent specialists to search the trademarks of both sides and sort and communicate in detail in the form of images and text to explain the differences in the trademarks of both sides,” the company wrote.
TokenPocket did not state the exact reason for the complaint. Netizens previously noticed that the TokenPocket logo was similar to the PayPal logo, with two letters of the same color next to each other. “I was about to open a TokenPocket, but I accidentally clicked on Paypal,” one Reddit user said three months ago.
Comparison of PayPal and TokenPocket logos. Source: Reddit
PayPal and TokenPocket did not immediately respond to Cointelegraph’s request for comment.
TokenPocket, founded in 2018, is a cryptocurrency wallet provider that supports major public blockchains including Bitcoin, Ethereum, Binance Smart Chain, Polkadot, Kusama, and more. The company claims to have “more than tens of millions” of users in more than 200 countries and regions.
On the topic: Crypto.com is the #1 app on Google Play in the US.
PayPal, one of the largest payment companies in the world, introduced cryptocurrency-related services at the end of 2020.