Bitpay, the world’s largest cryptocurrency payment service provider, has announced that the company is joining Square-founded crypto patent effort the Crypto Open Patent Alliance (COPA). Bitpay has been working with blockchain products since 2011 and the company will share open source projects and use a shared patent library with the crypto patent organization.
Bitpay Joins Crypto Patent Effort COPA
Atlanta-based cryptocurrency payment and blockchain company Bitpay joins forces with COPA. The Crypto Open Patent Alliance was originally enlisted by Square, Inc., and the organization supports open access to patents and protection against patent threats.
On January 1, 2020, the San Francisco-based company just listed on Nasdaq, Coinbase, also joined COPA’s mission. Bitpay founder and CEO Stephen Pair believes that partnering with COPA is a step forward towards innovation.
“Bitpay has partnered with and supports COPA because we believe the blockchain space is at a tipping point where crypto becomes mainstream and is changing the way businesses and consumers receive and spend money,” Pair explained during the announcement.
Bitpay’s founder added:
We see accelerating adoption from both businesses and consumers as a result of the collaboration between COPA industry leaders to drive technological innovation, making the blockchain easy to use for both businesses and consumers.
COPA’s Chairman of the Board: ‘We want to remove barriers 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. Anyone can join 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 collaborative efforts of a community of developers, engineers and designers.
“We want to break down barriers to innovation, rather than letting patents become one, and welcome BitPay and their many contributions to the blockchain and payments space,” Kirupa Pushparaj, COPA Chairman of the Board concluded during the announcement.
COPA recently filed a civil lawsuit against self-proclaimed Bitcoin inventor Craig Wright over ownership of the Bitcoin white paper.
What do you think of Atlanta-based Bitpay joining COPA? Let us know what you think about this topic in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, COPA Logo,
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