Square Joins Cryptocurrency Non-Aggression Pact on Patent Suits [Financial Post (Toronto, Ontario, Canada)]
Twitter, Inc. (TWTR)
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Source: Financial Post
to reduce patent lawsuits over cryptocurrency and promote the growth of digital currencies. The company says it is joining the Open Invention Network where members pledge royalty-free access to patents for open source technology. 19 best online deals in the Canadian retail space right now Advertisement Square says it is trying to avoid the sort of runaway litigation that once beset the smartphone industry. A year ago, Square formed the Cryptocurrency Open Patent Alliance, in which members make a similar pledge not to sue each other over patents and provides a shared patent library for access to the underlying technology. Advertisement Article content “We're in just such a rapid time of growth, so many amazing things are happening without patents,” said Max Sills, counsel at Square and general manager of the cryptocurrency alliance. “We want to avoid long-drawn-out legal battles.” Square holds Bitcoin in its corporate treasury, and Square Chief Executive Jack Dorsey, wh
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