Bitpay, the world’s largest provider of cryptocurrency payment services, has announced that it is joining the Crypto Open Patent Alliance (COPA) crypto patent founded by Square. Bitpay has been working with blockchain products since 2011. The company will share open source projects and share a patent library with the Crypto patent organization.
Bitpay joins COPA in Crypto Patent Effort
The Atlanta-based cryptocurrency payments and blockchain company Bitpay merges with COPA. The Crypto Open Patent Alliance was originally used by Square, Inc., and the organization is promoting open access to patents and protection from patent threats.
On January 1, 2020, the San Francisco-based company that was currently listed on the Nasdaq, Coinbase, also joined the mission of COPA. Bitpay founder and CEO Stephen Pair believes that partnering with COPA is a step forward towards innovation.
“Bitpay is partnering with and supporting COPA as we believe the blockchain space is at a tipping point where crypto is mainstream and the way businesses and consumers get and spend money forever changed “, explained Pair during the announcement.
The Bitpay founder added:
We see both business and consumer adoption accelerate as the leaders in the COPA industry work together to drive technology innovation and make the blockchain easy to use for both businesses and consumers.
COPA CEO: “We want to remove obstacles to innovation”
The non-profit COPA consists of companies such as Coinbase, Bitbank, Satoshi Labs, Ark.io, Blockchain Commons, Kraken, Stacks, Square, Microstrategy and Stakenet. Everybody can participate the consortium of companies and benefit from the patent alliance. “Regardless of whether they have patents or not,” organizations can join COPA Notes. “COPA recognizes that cryptocurrency technology is based on the collective effort of a community made up of developers, engineers and designers.
“We want to remove barriers to innovation instead of turning patents into patents, and we welcome BitPay and its numerous contributions to blockchain and payments,” concluded Kirupa Pushparaj, CEO of COPA, during the announcement.
Just recently, COPA filed a civil lawsuit against self-proclaimed Bitcoin inventor Craig Wright for ownership of the Bitcoin White Paper.
What do you think of the Atlanta-based company Bitpay joining COPA? Let us know what you think on this matter in the comments section below.
Photo credit: Shutterstock, Pixabay, Wiki Commons, COPA-Logo,
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