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Ripple register “Paystring”: new product coming?

Recently I’m keeping an eye on XRP and its upcoming Flare Airdrop – or as they call it “first fork on XRP blockchain”. Just the other day user Jana One Trick found – I have not idea how or where 😉 –  this clue about a new product from Ripple: the application for registration of a new trademark was filed at the end of last week at the US Patent and Trademark Office.

The application was classified in the categories “Advertising and Business” and “Insurance and Finance”.

The registration is quite similar to another one made by Ripple, namely PayID, and that may be another clue about Ripple developing a new payment system globally.

 

PAYSTRING™ trademark registration is intended to cover the categories of electronic financial services, namely, monetary services for receiving and disbursing remittances and monetary gifts in fiat currencies and virtual currencies over a computer network and for exchanging fiat currencies and virtual currencies over a computer network; electronic financial services, namely, receiving and disbursing payments and monetary gifts in fiat currencies and virtual currencies over a computer network; financial services, namely, providing a virtual currency for exchange over a computer network; currency exchange services, namely, exchanging fiat currencies and virtual currencies over a computer network; financial transaction verification services, namely, delivering remittances and monetary gifts from a source to a destination; financial management and administration services, namely, facilitating transfers of digital currency, transmission of digital currency via electronic communication networks, and electronic transmission of digital currency

 

PayID

PayID is a new technology developed to provide a universal payment identifier with a free standard. Users can use PayID as a standardized format without having to use the everlasting XRP account addresses. PayID is used by 40 globally active companies, with adaptation continuing to increase, especially in e-commerce. Recently Payburner announced to integrate PayID for its users.

 

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