There is no way that Facebook is escaping from problems because another roadblock has stood in front of it. A mobile banking app “Current” has sued Facebook for having the same logo of Calibra subsidiary as of theirs.
This might have happened because both the logos were designed by the firm “Character” which is based in San Francisco. The firm is also referred to as the defendant in the lawsuit.
Mobile banking firm “Current” filed a lawsuit which stated: “Calibra’s logo is not only confusingly similar to but virtually identical to the Current Marks”.
Everyone is still confused about how it happened but the “Current” firm filed an application on 26th June 2019 for its logo after the announcement of Calibra.
Also Read: Google Play Store Bans Payday Loan Apps
Facebook introduced Calibra as the division to look the Libra cryptocurrency project as well as the development of a digital wallet.
Also, just before Geneva meeting which was held on 14th October 2019, many top companies back-stepped from the Libra Cryptocurrency Project including Visa, Mastercard, and eBay.
Among all, PayPal was the first company to exit from the Libra Association. Facebook formed formed 28-members from non-profit organization for the global launch of its digital currency Libra which is to be in the year 2020.
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