Facebook Facing Lawsuit That its Crypto Currency Logo Libra is Matching With Another Firm Calibra
Facebook's Libra cryptocurrency challenge has hit another roadblock, as a mobile banking app has sued its Calibra subsidiary over similar logos.
Interestingly, each of the logos was designed by means of San Francisco-based branding association 'Character', which has also been named as a defendant in the lawsuit.
According to the lawsuit filed with the aid of a mobile banking company named Current, Calibra's emblem "is not solely confusingly similar to, however clearly same to the Current Marks".
It's nevertheless unclear how it happened, however, Current had filed a software for its logo on June 26, a few days after Calibra used to be unveiled, Engadget mentioned on Sunday quoting CoinDesk.
Calibra was added as the division that would oversee Facebook's cryptocurrency plans, such as the improvement of a digital wallet.
Meanwhile, numerous businesses such as Visa, Mastercard, and eBay pulled out of the Libra cryptocurrency mission in advance of their first assembly in Geneva on October 14.
PayPal was the first to announce its withdrawal from the Libra Association, the 28-member non-profit agency shaped through the social networking large for the global rollout of its digital currency Libra in 2020.