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Copyright Infringement Case Takes a Twist As Ripple Holds The “PayID” Trademark

A consortium of Australian banks, led by the Reserve Bank of Australia, reportedly brought legal action against Ripple Labs for copyright infringement. The issue relates to PayID, a payment network operated by the Open Payments Coalition (OPC). The list of participants includes over 40 global companies such as GoPay, Ripple, Blockchain.com, BitPay, Brave, Flutterwave, and others. Source: ripple.com New Payments Platform Australia (NPPA) alleges the PayID service is similar in concept and branding to its own PayID service. Much like Ripple’s offering, it enables instant payments using a phone or email, rather than a bank account. The thinking behind this…

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