Some months ago, we all could remember how it all started with Facebook trying to becoming the biggest crypto currency firm in the world by launching it’s own coin – Libra.
So now let’s see what happens when your logo is designed similarly to another brand.
Facebook’s Libra cryptocurrency project has hit another roadblock, as a mobile banking app has sued its Calibra subsidiary over similar logos.
Interstingly, both the logos were designed by San Francisco-based branding firm ‘Character’, which has also been named as a defendant in the lawsuit.
According to the lawsuit filed by a mobile banking firm named Current, Calibra’s logo “is not only confusingly similar to, but virtually identical to the Current Marks”.
Most well known brands get sued when another company finds out they have being using their stuffs.
Meanwhile, several companies such as Visa, Mastercard and eBay pulled out of the Libra cryptocurrency project ahead of their first meeting in Geneva on October 14.
PayPal was the first to announce its withdrawal from the Libra Association, the 28-member non-profit organisation formed by the social networking giant for the global roll out of its digital currency Libra in 2020.
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