(BlockBar) According to CNBC, Stuart Sopp, chief executive of Current, a financial technology company and online bank, said he spent months working with Character to design his company’s logo. Now Facebook’s logo of encryption project issued this week is similar to that of Current’s. The reason is that Facebook and the company use the same design company. The wave in the logo represents the importance of money and human movement.
In an interview with CNBC, S Stuart Sopp said that in 2016 he hired a San Francisco design company named Character to cover logos for his startup. Ben Pham, creative director of Character, said in a blog post this week that he was involved in Facebook’s encryption project.
Sopp adds, “It’s an interesting way to try to build trust in the new global financial system by taking advantage of another financial technology company. Facebook has all the money and major resources in the world. If they really want to make banking more inclusive and fairer, they should put forward their own ideas and brands just like us.
Current has only 45 employees and 350,000 accounts. But Thorpe says Current has a similar belief to Facebook: the existing financial system is not for the public. The startup first offered banking products to teenagers, and this year it expanded its appeal by offering free checking accounts.
He also said “We worked with this design company for six months, but Facebook basically reused it without much change. Facebook is a big enterprise. It has the responsibility to investigate and gives us a reasonable explanation.” What’s more, Sopp claimed that a law firm had been hired to find out whether trademark or patent infringement was involved.
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