Following a document from the Australian court, in the district of New South Wales, Ripple has been called to trial over a lawsuit in which you are accused of using a name already registered for your PayID product.
For these trademark and copyright reasons, Ripple will have to attend the first hearing tomorrow.
The lawsuit involves Australian NPP (New Payments Platform), a company that deals with payments in Australia and is used by various banks to speed up payments within the country. This feature, in fact, is called PayID and it was launched in February 2018.
Whereas, Ripple released its version of PayID in June of this year and this conflicts with the existing company.
NPP and the PayID system
For those who do not know PayID (Payment Identifier), it is an open source system, so anyone can use it and the source is open to everyone.
This system allows connect any payment, such as bank transfers, cryptocurrencies, credit or debit cards or even payments through social applications.
Note that this system has also been integrated into the famous unstoppable domains, in order to take advantage of traditional payments on decentralized domains.
Another interesting detail is that the respective lawyers are well known names, as NPP is represented by Clayton Utz, one of the six largest law firms in Australia, while Ripple relied on the expertise of the Kilpatrick Townsend Attorneys firm.
Other problems for Ripple
In short, apparently there are other problems that the company will have to face, along with all the problems that plague Ripple in this period, such as the suspicions of token failures or the millions of XRP stolen in the different scams.
Nor should it be forgotten that in the United States, Ripple is still involved in a lawsuit with the SEC to determine whether or not XRP is a security, which would entail related consequences.