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Hey guys, As of today (October 7, 2018), Ripple Labs, Inc. has filed 53 trademarks in the United States, 48 of which are considered "live" whereas 5 of the 53 trademarks have been "abandoned" by the company. Ripple Labs, Inc. has quite the intellectual property portfolio, and it seems to be growing too (e.g., the company has filed three (3) trademarks in 2018). And we have seen at least two (2) lawsuits in which Ripple (the company) has sued in order to protect their intellectual property (exactly what you want to see from a well ran company). My intent with this post today is simply to raise some criticism, hopefully constructive, encouraging this community to debate one (1) of the U.S. trademarks still considered "live" and being protected by Ripple (the company) - the trademark for "XRP." My question is why not abandon this "XRP" trademark? A trademark is a symbol, word, group of words, name, and/or a design that is legally registered or established by use as representing a company or a product/service. Think of a brand name. Although trademark registration is not mandatory, one files for trademark protection in order to establish the presumption of ownership, to establish the right to use the mark on or in the connection with goods/services, and/or to file a trademark infringement lawsuit in U.S. federal court to obtain monetary remedies, including profits, damages, costs, etc. Ripple (the company) has an active or "live" trademark for "XRP" (see picture below). The "XRP" trademark was filed for protection with the US Patent and Trademark Office back in 2013 by OpenCoin, Inc. You can see the description of the goods and services and other information from the trademark in the picture attached to this post. A lot has happened in five (5) years since this "XRP" trademark was filed for protection by OpenCoin, and we all get that. However, XRP (digital asset/cryptocurrency) is independent from Ripple (the company). We have heard this time and time again from management. To my knowledge, and according to my research, no one owns the trademark for "USD" or "BTC" (although there are several trademarks from multiple companies using "USD" and "BTC" for other products/services, and the USPTO or U.S. Trademark office allows for that). Abandoned trademarks (by Ripple Labs, Inc.): 1) "Interledger" (abandoned in August, 2017) 2) "Ripple Labs" (abandoned in September, 2016)* 3) "Ripple Labs" (abandoned in September, 2016)* 4) "Ripple Communications" (abandoned in June, 2014) 5) "Rippln" (abandoned in January, 2015) *"Ripple Labs" is still bring protected by a different trademark Last point. See the list of abandoned trademarks above. These five (5) marks were all abandoned by Ripple (the company). For example, we all know that Ripple (the company) invented Interledger, the open protocol suite for sending payments across different ledgers. Ripple (the company) filed for trademark protection on "Interledger" in October 2016 and then abandoned the same trademark in August 2017. We all know that Interledger W3C Community Group is now developing Interledger, a group of hundreds of companies and individual contributors. It is decentralized (no one owns it). XRP is also decentralized. No one, including a company, should be able to trademark "XRP" and establish the presumption of ownership over the three letters "XRP" in the context of financial services. The trademark should be open and in the public domain, and the person (or company) who created the trademark five (5) years ago should no longer benefit from that original filing. Thoughts? Let's discuss. Source(s): https://www.uspto.gov/trademark (search TESS, search "Ripple Labs" and use the option to search by owner name/address); https://interledger.org/ @Snoopy @Pablo @zerpdigger @vlad_got_it @jcdenton @Mrsrippley @Sebastian @xrpisking @EasterBunny
Hey guys, On November 14, 2018, a company called "XRP United" filed the appropriate paperwork with the U.S. Patent and Trademark Office (USPTO) to protect the word mark "xSettle" (see picture below). XRP United (company) appears to be an xrp-based exchange based out of Estonia. And the description of "xSettle" is very interesting (again, see picture below). However, one could make the argument that xSettle causes a "likelihood of confusion" to the following trademarks owned by Ripple Labs, Inc. (company): xCurrent xPring xRapid xPool xVia Below are some links about the xrp-dedicated exchange, XRP United. Legally speaking, a "likelihood of confusion" exists when one could assume that the product or service (xSettle) represents or is associated with the source of a different product or service identified (Ripple's products, like xCurrent, xRapid, or xVia). In the past, Ripple Labs, Inc (company) has gone to court to protect their intellectual property. Going to follow up with this in a few months. Take care. https://ethereumworldnews.com/xrp-united-the-first-full-exchange-dedicated-to-xrp/ https://xrpunited.com/