RIPPLE file trademark request for detention service, wallet

Ripple Labs filed a Application for a trademark For the word Mark “Ripple detention”, indicating that the company is behind XRP (XRP) The token is considering expanding its brand in the CRIPTO Custody Space.

Notes on four uses for word for the word, including the one that reads “financial services, namely, detention services in the nature of maintaining storage and possession of cryptocurnance (…) for financing purposes.”

CRIPTO CARDIANS Store and manage digital assets for individuals and institutions, aimed at reducing risks such as private key losses and security violations. The demand for detention services increased significantly in recent years, especially after the approval of funds traded with exchanges (ETFS) in the USA 2024. years. The main players in this area include coinbase, City and BNI Mellon, among others.

Setup Tracking Follow Ripple’s Starting Her detention In October 2024. Then the company said that the move sought to diversify his income flows outside her payment service.

Ripple spokeswoman refused to comment on the filing of a trademark.

Will Ripple run crypto wallet?

Another instance of the use listed on the trademark list, “Software for CryptoCurnence, Fiat Currency, Virtual Currency and Digital Currency; Software for downloading and storing cryptocurrency, Fiat, Virtual Currency and Digital Currency.”

The case of use may indicate that Riple could plan to start a Cryptocurrency WalletWhether to support its gender token, XRP or a broader variety of digital property. Currently, the company does not offer crypto wallet. The offer of services in the wallet would provide another income stream to propagate the transaction fees by collecting compensation.

Companies already offer support for XRP and other cryptocurries include Leder and Treasury Hardware Banknotes, Entrusted wallet, Exit and many others.

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