Square Joins Open Invention Network’s Crypto Patent Non-Aggression Community

Earlier today, mobile payment company Square announced that it would join the Open Invention Network. The payment platform also joined forces with other companies. Their mission is to reduce patent crypto-related lawsuits and safeguard the development of digital currencies. The Open Invention Network is an institution that helps protect members from Patent issues. Many industries have dealt with patent problems over the years, which stagnated their growth. Therefore, Square fosters the development of crypto by reducing patent lawsuits. Square Joins…

Visa Files an Application Towards the Development of its Digital Currency

Visa is planning the development of its digital currency on a blockchain as it filed an application with the U.S. Patent and Trademark Office. The application by the financial giant was filed on November 8 last year and based on an application released May 14, inventors Simon J. Hurry and Alexander Pierre with the Visa International Service Association in San Francisco have sought a patent for a digital currency recorded on a blockchain and controlled by a central entity computer. The…