Bitpay, the world’s largest cryptocurrency payment service provider, has announced that it has joined the Crypto Open Patent Alliance (COPA), a cryptocurrency-based initiative. Bitpay has been working on blockchain products since 2011, and the company will share open source projects and use a common patent library with the crypto patent organization.
Bitpay joins efforts to patent cryptocurrencies COPA
Bitpay, an Atlanta-based cryptocurrency and blockchain payments company, has partnered with COPA. The Crypto Open Patent Alliance was originally founded by Square, Inc. The organization supports open access to patents and protection against patent threats.
On 1. In January 2020, San Francisco-based Coinbase, which recently listed on Nasdaq, also joined COPA’s mission. Stephen Pair, founder and CEO of Bitpay, believes the partnership with COPA is a step towards innovation.
Bitpay is partnering with and supporting COPA because we believe the blockchain space is at a tipping point where crypto will become mainstream and forever change the way businesses and consumers receive and spend money, Para said in the announcement.
The founder of Bitpay added:
We find that businesses and consumers accelerate COPA adoption when industry leaders work together to drive technology innovations that make blockchain easy for businesses and consumers to use.
Chairman of the COPA Management Board We want to remove barriers to innovation
The non-profit COPA consists of Coinbase, Bitbank, Satoshi Labs, Ark.io, Blockchain Commons, Kraken, Stacks, Square, Microstrategy and Stakenet. Anyone can join a consortium of companies and benefit from a patent alliance. Whether they have patents or not, organizations can participate in COPA notes. COPA recognizes that cryptocurrency technology relies on the collaborative efforts of a community of developers, engineers and designers.
We want to remove barriers to innovation rather than allowing patents to become one. We welcome BitPay and its many contributions to the blockchain and payments space, summarized Kirupa Pushparaj, president of COPA, at the announcement.
Recently, COPA filed a civil lawsuit against bitcoin’s self-proclaimed inventor, Craig Wright, for ownership of the bitcoin white paper.
What do you think about Atlanta-based Bitpay joining COPA? Let us know what you think in the comments below.
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Ark.io, Atlanta, Bitbank, BitPay, Bitpay CEO, Bitpay COPA, Blockchain Commons, Coinbase, COPA, Crypto Open Patent Alliance, Kirupa Pushparaj, Kraken, microstrategy, patent efforts, patents, Satoshi Labs, Square, Stacks, Stakenet, Stephen Pair
Photo credit: Shutterstock, Pixabay, Wiki Commons, COPA logo,
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