A Critical Update on $XRP 'Patent' Claims Recent claims circ
Mr Hossain25
Updated at: 3 hours ago
{"content":"A Critical Update on $XRP 'Patent' Claims
Recent claims circulating online suggest the United States government has patented XRP as a payment method. We want to provide clarity on this.
Our research into these claims shows that a document from the United States Patent and Trademark Office (USPTO) has resurfaced. However, this is not a new government endorsement or a "patent" filed by the U.S. government.
What's The Real Story?
The document in question is a trademark registration from 2013, originally filed by OpenCoin, Inc.—the company that later became Ripple. This registration protected the name "$XRP" for use in financial services. It is a common business practice for companies to trademark their brand names to prevent others from using them.
* Trademark, not a Patent: A trademark protects brand names and logos, while a patent protects new inventions. The U.S. government did not file or own this trademark; Ripple did.
* Not a Government Endorsement: The registration of a trademark does not mean a government agency has "approved" or
"classified" the asset for official use.
While this news is not what some might hope, it's a great example of why it's crucial to verify information in the fast-moving crypto space. Always look for the source and understand the difference between a trademark, a patent, and a regulatory endorsement.
Stay informed, stay safe, and happy trading!
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