Australian payment network NPPA sues Ripple for "PayID"

Australian payment network NPPA is suing Ripple under the trade name "PayID", as reported by Cointelegraph. NPP Australia Limited, which operates the Pay ID payment bank, filed a lawsuit against Ripple on the 24th. NPPA works with 60 Australian banks and most Australian cryptocurrency exchanges accept fiat through The Pay ID system. The NPPA received the mark for "Pay ID" (no space) in March 2017 and applied for the mark for "PayID" (no space) in October 2017. '' PayID card applications expire in April 2018 and no trade name. Ripple filed two "PayID" trade applications with the US Patent and Trademark Office on June 17 of this year. The NPPA submitted the same request to Australian police on July 24.