Australian company takes Ripple to court over alleged violations of trademark laws

Australian financial services company New Payments Platform Australia (NPPA) is suing Ripple for allegedly breaching several Australian trademark laws with what it claims is the unauthorized use of the brand, name and trademark "PayID."

NPPA launched its PayID brand in Australia in February 2018. The brand was accompanied by an AU$3.3 million advertising campaign. 

According to the official court order filed on Friday in the Federal Court of Australia New South Wales Registry, NPPA accused Ripple of passing off "associated claims for aiding and abetting the allegedly infringing conduct" and "associated declarations and injunctions and also damages or an account of profits."

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