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Ripple Files Trademark for Mysterious ‘Ripplex’ and ‘Ripple Impact’

August 25, 2020

Ripple has filed a pair of mysterious trademark applications for the names “ripplex” and “ripple impact.”

The San Francisco-based global payments startup submitted both applications this month. Both applications are considered live and are “awaiting examination,” according to the U.S. Patent and Trademark Office (USPTO).

Ripple also filed a trademark application this month for “ripplenet,” the name of its well-known global payments network. All three trademarks are in lower-case letters. Overall, the company has filed for nine trademarks this year alone.

One of those applications may have led to a legal dispute. In June, Ripple filed an application to trademark “PAYID” for its new universal payments of the same name.

Ripple is now facing a trademark intellectual property lawsuit in the Federal Court of Australia from NPP Australia, a company that operates a payments infrastructure between financial institutions. While there’s little public information available about the suit, NPP Australia’s addressing service is also known as “PayID.” The suit was filed on August 20th, and the next hearing is scheduled for August 26th.

Ripple is leading a coalition of more than 40 companies that launched PayID, a platform-agnostic payments network that allows users to send and receive money instantly.

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