Digital payments company Block Inc. is pursuing legal action against Roger Ver’s Bitcoin.com over alleged trademark infringement involving its newly launched Verse token, which concluded a $33.6 million private sale in May 2022.
The alleged trademark violation stems from Block’s acquisitions of Verse Technologies Inc. and Decentralized Global Payments S.L. in 2020. “The portfolio of Verse and Decentralized also included a peer-to-peer payment app under the name "VERSE". Since the takeover, our client has been operating this app,” the letter read.
Block’s legal counsel explained that the “VERSE” app is available in Europe, including Germany, and can be accessed on both Apple and Android devices. The letter detailed Block’s rights over a figurative mark that contains the word “Verse” as well as the “VERSE” word mark, with priority for computer and application software for mobile devices.
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The alleged trademark violation stems from Block’s acquisitions of Verse Technologies Inc. and Decentralized Global Payments S.L. in 2020. “The portfolio of Verse and Decentralized also included a peer-to-peer payment app under the name "VERSE". Since the takeover, our client has been operating this app,” the letter read.
Block’s legal counsel explained that the “VERSE” app is available in Europe, including Germany, and can be accessed on both Apple and Android devices. The letter detailed Block’s rights over a figurative mark that contains the word “Verse” as well as the “VERSE” word mark, with priority for computer and application software for mobile devices.
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