Cryptocurrency wallet TokenPocket removed from App Store due to similarity to PayPal trademark – Bits Media

Cryptocurrency wallet TokenPocket has been temporarily removed from the Apple AppStore. The reason was a PayPal complaint about the similarity of trademarks, misleading users.

TokenPocket Company, engaged in the development of cryptocurrency wallets, was created in 2018 year. The company claims, that it has more than several million users in more than 200 countries. TokenPocket reported, that I received messages from PayPal regarding a dispute, relating to the trademark, back at the beginning of this year.

"We regret to inform you, that the TokenPocket app has been removed from the App Store 3 November 2021 years because of that, that PayPal unilaterally filed a complaint regarding the TokenPocket trademark issue. We received a letter from a PayPal lawyer, which refers to a dispute over our company's trademark".

According to the statement, the firm is ready to resolve the problem without conflict and that PayPal “has no more arguments” in this dispute.

“We attach great importance to this and have sent specialists to conduct trademark research, images and texts of both sides, to prove their differences", - the message said.

Users have already noticed, that the TokenPocket logo is similar to the PayPal logo, since both show two letters of similar colors, located next to each other.