Apple is removing TokenPocket Crypto Wallet from the App Store

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

Apple is removing the TokenPocket crypto wallet from the App Store

Apple officially announced on November 4th that it would temporarily remove the TokenPocket wallet from the App Store. According to the company, the removal came after receiving a complaint from PayPal about the alleged trademark problem.

From the aggregated reports, it appears that the global payment company PayPal dispatched its attorney earlier this year to inform TokenPocket about the branding problem. But now it looks like PayPal left no trace as it continues to hunt TokenPocket for alleged trademark infringement.

Meanwhile, TokenPocket has also confirmed that it actually received a letter from PayPal regarding the branding issue earlier this year. The crypto wallet states that it is ready to kindly solve problems with PayPal:

“We take this topic very seriously and have sent experts to carry out trademark research on both sides, to classify them and to exchange details in the form of images and texts in order to explain the differences between our brands. both sides.”

While TokenPocket doesn’t explicitly state PayPal’s exact claims, it certainly comes down to the company’s logo. The company wrote about using the services of leading experts to compare and contrast the brands of both sides.

Users consider the branding problem between TokenPocket and Paypal

Many online users have noticed striking similarities between the TokenPocket and PayPal logos. In fact, just 3 months ago, a Reddit user claimed to have mistakenly clicked PayPal while actually trying to open TokenPocket:

“I wanted to open TokenPocket, but accidentally clicked on PayPal.”

So far, PayPal and TokenPocket have not released any official statements about this new development.

TokenPocket was founded in 2018 and has since supported major public blockchains like Bitcoin, Ethereum, Polkadot Kusama, Binance Smart Chain, etc. The company now has a user base in the tens of millions in more than 200 countries.

As one of the largest payment companies in the world, PayPal launched crypto-related services in late 2020.

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