Ripple is facing a lawsuit over copyright infringement from Australian payments company New Payments Platform Australia (NPPA), which filed the case on August 21.
NPPA is suing Ripple for the use of “Pay ID”, which the NPPA says it is the registered owner of, having launched the brand in February 2018
The NPPA also claims that it has established “a reputation both domestically and internationally” for the Pay ID brand
As evidence of the legitimacy of the brand, the company points to 90 participating financial institutions supporting related payments, as well as 5 million PayIDs registered by Australian citizens
Ripple uses the Pay ID brand with 40 companies, some of which are based in Australia
NPPA CEO Adrian Lovney says that the Australian companies were under the impression Ripple was using NPPA’s Pay ID
This is not the only lawsuit Ripple is embroiled in; a Puerto Rican company has also filed a lawsuit for fraud and investors have banded together accusing Ripple for selling unregistered securities
Ripple has also filed a lawsuit of its own, doing so against YouTube in April for XRP giveaway scams
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