Ripple Sued by 13 Australian Banks for Trademark Infringement

Ripple Sued by 13 Australian Banks for Trademark Infringement

Ripple Labs Inc. is being sued in an Australian court docket for allegedly infringing a trademark belonging to a number of native banks. A lawsuit filed by the New Funds Platform Australia (NPPA), a three way partnership between the Reserve Financial institution of Australia and 13 home banks, claims that Ripple copied its PayID model. …

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