The logos of both the companies were designed by San Francisco based branding Firm Character, which is a named defendant in the suit. Earlier, PayPal, eBay, Stripe, Visa, and Mastercard pulled out from the Libra association. Current’s CEO Stuart Sopp told CNBC that, this is a funny way to create trust in a new global financial system by ripping off another fintech firm.
this is what happens when you only have 1 crayon left pic.twitter.com/2JY5JfesQD
— Current (@current) June 19, 2019
Character the company behind creating both the logos created Calibra’s logo 3 years after Current’s logo. The complaint states that the infringing mark adopted and used by the Calibra Defendants is not only confusingly similar to but virtually identical to the Current Marks.
Current’s logo has different colors, while Calibra’s logo has only one shade. The company tweeted both the logos with the comment, “this is what happens when you only have one crayon left.