Global payment giant PayPal sued cryptocurrency wallet TokenPocket for alleged trademark infringement.
Apple temporarily removed the TokenPocket wallet from the App Store, the company Announce Thursday. According to the company, the reason for the deletion was a complaint filed by PayPal regarding alleged trademark issues.
TokenPocket stated that it received a communication from PayPal regarding a trademark dispute with the company in a letter earlier this year. TokenPocket emphasized that it is willing to solve the problem in a friendly way, and PayPal “has no more response to this.”
The company wrote: “We attach great importance to this, and send professionals to conduct research on the trademarks of both parties, sort out and communicate in detail in the form of graphics and text to illustrate the differences between the two parties’ trademarks.”
TokenPocket did not explicitly mention the exact reason for the complaint.Previous online users Noticed The TokenPocket logo looks similar to PayPal’s because it has two letters of similar color placed side by side. “I was about to open TokenPocket, but accidentally clicked on Paypal,” a Reddit user claimed three months ago.
PayPal and TokenPocket did not immediately respond to Cointelegraph’s request for comment.
Founded in 2018, TokenPocket is an encrypted wallet provider that supports major public blockchains, including Bitcoin, Ethereum, Binance Smartchain, Polkadot, Kusama, etc. The company claims to have “tens of millions” of users in more than 200 countries and regions.
One of the world’s largest payment companies, PayPal Launch of cryptocurrency related services At the end of 2020.