Social networking titan Known as Facebook has been involved in using a logo for its new cryptocurrency play which is very similar to the logo of an online banking company called ‘current’.
Facebook declared its own global digital coin called ‘Libra’ just before some time, to be survived by a governing body called the Libra Association. Calibra is the name of the subsidiary that would run the wallet.
According to the CEO of Current, the logo for Calibra is similar to the Current’s logo. CNET reported on Thursday. “This is a funny way to try and create trust in a new global financial system by ripping off another Fintech firm,”
The report quoted Sopp as saying. “We put six months of hard work into this with that design firm, which they basically reused for Facebook without changing much, Facebook is a big company that should have done their proper attention on this. ”
Sopp has unveiled that both of the logos have been created or designed by the same San Francisco-based design firm termed Character and both the logos feature a wave inside a circle.
The online banking company ” current” tweeted a picture of both the logos in one frame and captioned the post with caption – “This is what happens when you only have one crayon left.”
this is what happens when you only have 1 crayon left pic.twitter.com/2JY5JfesQD
— Current (@current) June 19, 2019
According to the media reports, Current is a consulting law firm Goodwin Procter to determine whether it has a trademark or patent infringement case against the social networking giant.