Apple Removes Crypto Wallet TokenPocket From App Store

Apple has removed crypto wallet TokenPocket from its app store after PayPal officially complained about the wallet’s look-alike logo.

Apple Makes Announcement

Apple officially announced on Nov. 4 that it was temporarily removing the TokenPocket wallet from the App Store. According to the firm, the removal was carried out after receiving a complaint from PayPal regarding an alleged trademark issue.

From reports gathered, the global payment company PayPal had already sent its lawyers to inform TokenPocket about the trademark issue earlier this year. But now, it seem as though PayPal is leaving no stone unturned as it goes after TokenPocket over the alleged trademark infringement.

Meanwhile, TokenPocket has also confirmed that it truly did receive communications from PayPal over the trademark matter via a letter earlier in the year. The crypto wallet insists that they are more than willing to resolve issues with PayPal in an amicable manner.

Although TokenPocket did not expressly state the exact complaints by PayPal, it sure is about the company logo. The company wrote about having employed the services of top professionals to compare and contrast, the trademarks of both sides.

Users Weigh In On the Trademark Issue

Many online users have noticed the striking similarities between TokenPocket’s logo and PayPal’s. In fact just some 3 months ago, a Reddit user claimed to have mistakenly clicked on PayPal while actually attempting to open TokenPocket.

So far, PayPal and TokenPocket are yet to issue any official statements relating to this new development.

TokenPocket was founded in 2018, and has since been supporting major public blockchains including the likes of Bitcoin, Ethereum, Polkadot Kusama, the Binance Smart Chain, and many more. The firm presently boasts of having users numbering over tens of millions, in over 200 countries.

One of the world’s largest payment companies, PayPal debuted cryptocurrency-related services in late 2020.

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Mayowa Adebajo

Mayowa Adebajo is a fintech enthusiast with a decade-long experience writing news stories and creating content generally. When he's not writing, he's either talking politics or discussing sports.

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