Ripple has registered a new trademark, call PayString.
It is probably a potential new product of the company, presumably linked to a payment service.
The registration request of the new brand was filed late last week at the United States Patent and Trademark Office (USPTO) and is classified under the generic categories "Advertising and Business" and "Insurance and Finance."
Ripple and the new PayString brand
There are not many details in this regard, other than that the PAYSTRING ™ trademark registration is intended to cover e-financial services categories, namely:
"Money services to receive and disburse remittances and monetary gifts in fiat currencies and virtual currencies through a computer network and to exchange fiat currencies and virtual currencies through a computer network, Y receive and disburse payments and monetary gifts in fiat currencies and virtual currencies through a computer network ”.
In addition, the codes mentioned are that of electronic financial services, but also that of services from currency exchange, that is, “exchange of fiat currencies and virtual currencies through a computer network”, financial transaction verification services, that is, "Delivery of remittances and monetary gifts from an origin to destination", administration and financial management services, peer-to-peer network IT services, i.e. "Transmission of digital currency through electronic communication networks", software as a service, i.e. "electronic transmission of financial data over communication networks”And electronic data storage, that is, "Virtual currency storage".
Therefore, it is very difficult to clearly imagine which product this new brand could be associated with, but a very vague and general idea can be reached, also by virtue of the model of deal by Ripple, which is precisely to provide a technology based on distributed ledgers for payments. mainly between institutions, banks and payment service providers.
It is worth noting that the term "payment chain”In IT technical jargon can also refer to information about the current status of a loan, so Ripple's new product can also involve the world of loans.