back Back

BitPay joins COPA to share open source projects & use shared patent library

By Pavithra R

April 15, 2021

  • America
  • Bitpay
Share

BitPay joins COPA to share open source projects & use shared patent libraryBlockchain payment technology provider BitPay has announced a partnership with the Crypto Open Patent Alliance (COPA) to share open-source projects and use a shared patent library.

Founded initially by Square, COPA believes open access to patents and freedom from threats on foundational cryptocurrency technologies is requisite for the industry to grow, innovate, and build new products. It non-profit community of like-minded people and companies formed to encourage the adoption and advancement of cryptocurrency technologies and to remove patents as a barrier to growth and innovation.

“BitPay is partnering with and supporting COPA because we believe that the blockchain space is at an inflection point where crypto is becoming mainstream forever changing the way businesses and consumers receive and spend funds. We see both business and consumer adoption accelerating as a result of COPA industry leaders working together to advance technology innovation making the blockchain easy to use for both businesses and consumers,” said Stephen Pair, CEO of BitPay.

COPA acknowledges that cryptocurrency technology is built on the collaborative efforts of a community made up of developers, engineers, and designers. It provides an open patent strategy where anyone can join and benefit from the alliance, irrespective of whether they have patents or not.

“We want to eliminate barriers to innovation, rather than letting patents become one, and welcome BitPay and their many contributions to the blockchain and payments space,” said Kirupa Pushparaj, COPA Board Chair.

BitPay builds powerful, enterprise-grade tools for crypto acceptance and spending. The FinTech is developing blockchain payment technology to transform how businesses and people send, receive, and store money worldwide. Its business solutions eliminate transaction fraud, reduce the cost of payment processing, and enable borderless payments in cryptocurrency.

Previous Article

April 15, 2021

InsurTech 360F appoints former Temenos APAC MD to its board

Read More
Next Article

April 15, 2021

Apollo FinTech launches new crypto investment platform on Stratus

Read More

IBSi Prime News

astra

December 08, 2021

America

Transferring money to the right place at the right time: Interview with Gil Akos, CEO of Astra

Read More
  • Daily insightful news analysis
  • Weekly snapshot of the industry deals, events & insights
  • Sectoral deep dives on the hottest FinTech trends
  • Exclusive interviews featuring c-level executives shaping the industry
  • Profiles of the most influential established and emerging companies in the sector
  • Weekly global FinTech use cases
  • Chart of the Week curated by the IBSi’s Research Team
Subscribe to Prime

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

YES BANK partners with The Fintech Meetup to drive grass root level FinTech

Read More

Today

Usio and Voyager Digital extend exclusive ACH Payments processing relationship for another three years

Read More

Today

Mollie announces FinTech Centre of Excellence in Maastricht, Netherlands

Read More

Related Reports

Sales League Table Report 2021

£1,500 / year

Know More
US Financial Services Technology Report 2021

£1,500 / year

Know More
The Future of Digital Banking Report 2021

£1,500 / year

Know More
Wealth Management & Private Banking Systems Report 2021

£1,500 / year

Know More
Treasury and Capital Markets Systems Report 2021

£1,500 / year

Know More