Ripple’s Trademark Tango: A Dance of Dollars and Digital Dilemmas!

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In the bustling metropolis of San Francisco, where the fog rolls in like a well-timed punchline, the enterprising chaps at Ripple have decided to throw their hat into the ring of trademark applications. Yes, you heard it right! They’ve applied for the illustrious “Ripple Custody” trademark in the good ol’ U.S. of A. 🎩

Now, according to the rather dry and bureaucratic details of the application, Ripple is not just twiddling their thumbs. Oh no! They are hard at work concocting both downloadable and cloud-based software that promises to keep cryptocurrencies and fiat currencies as safe as a butler guarding a family heirloom. 🏰

As it stands, the application has been received and recorded, but alas, no examiner has been assigned by the United States Patent and Trademark Office (USPTO) to give it the once-over. It’s like waiting for a bus that may or may not arrive—excitement mixed with a hint of despair! 🚍

Now, don’t hold your breath, dear reader, as it may take a few months for the trademark application to be reviewed and approved. The USPTO, in its infinite wisdom, can reject an application if it finds a conflicting trademark. Imagine the drama! 🎭

Last year, Ripple was quite the busy bee, applying for a whole bouquet of new trademarks in the U.S., including “Ripple Payments,” “RLUSD,” and “Ripple USD.” One can only assume they were having a bit of fun with the naming conventions! 🐝

The latest trademark application indicates that Ripple is increasingly focused on its custody business. In a move that would make even the most seasoned financier raise an eyebrow, the company forked out a staggering $250 million to acquire the Swiss custody firm Metaco back in 2023. Talk about a splurge! 💸

Since that extravagant purchase, Ripple has been expanding its presence in the custody sector faster than a cat can knock over a vase. They even introduced a “bank-grade” service in October 2024, which sounds rather posh, doesn’t it? 🏦

As reported by the ever-reliable U.Today, Ripple’s own Cassie Craddock has declared that custody is set to be one of the most promising areas for crypto. Who knew keeping things safe could be so lucrative? 💼

And if that wasn’t enough, the global cryptocurrency custody market is expected to balloon to a jaw-dropping $100 billion in less than a decade. That’s a lot of zeros, folks! 💰

In a final flourish, Ripple has teamed up with South Korea-based custodian BDACS to offer custody for XRP and the Ripple USD (RLUSD) stablecoin. It’s a partnership that promises to be as fruitful as a well-tended orchard! 🍏

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2025-03-16 12:23