Ripple, a developer of several XRP-based products, has filed a new trademark with the United States Patent and Trademark Office (USPTO).
The PayString Label Archive was unveiled Nov. 6, which provides little information on the business or product to be sold under the umbrella. In fact, the description of the trademark registration is identical to that used in Ripple’s “Ripplenet” application earlier this year.
According to this description, PayString covers a number of different classes of electronic financial services: the use of fiat and digital currencies for transfers and gifts; Receive and exchange electronic payments in paper and digital currency; Currency exchange services in fiat and digital currencies; Checking financial transactions; As well as financial and administrative management services for converting digital currency through electronic communication networks.
In August, Ripple filed two other trademark filings with the United States of America Office (USPTO), which included the same application descriptions as Ripplenet and PayString. Another file, Ripple Impact, tried to cover the categories of charitable services.
As the company is working to register new brands in the US, a long-standing controversy has erupted this week. Prominent trader and charting analyst Peter Brant argued that the Soviet Union, the Securities and Exchange Commission, would have declared XRP a security if it “understood cryptocurrencies”: