THELOGICALINDIAN - By abutting the alignment companies agreement not to accomplish amount cryptocurrency patents
Meta has become a affiliate of the Crypto Open Patent Alliance. This accumulation consists of several arresting companies in the cryptocurrency amplitude that accept apprenticed not to accomplish assertive crypto patents.
“Growth and Innovation”
Meta has abutting the Crypto Open Patent Alliance, a non-profit alignment committed to cryptocurrency addition led by Block, Jack Dorsey’s payments solutions aggregation aforetime accepted as Square. Among COPA’s stated goals is to “remove patents as a barrier to advance and innovation.”
The bunch includes added than 25 added companies, including Coinbase, Microstrategy, Uniswap, and Kraken. According to the Crypto Open Patent Alliance’s accepted manager, Max Sills, abutting the accumulation represents a company’s agreement that it will not accomplish its “core cryptocurrency patents.”
Although several above companies calculation themselves as associates of COPA, Meta is the better to date in agreement of the cardinal of patents it holds, according to Sills.
Meta’s arch of licensing and transactions, Shayne O’Reilly, will represent Meta on COPA’s board.
Emblematic of Meta’s struggles in the cryptocurrency industry is its contempo $200 actor sale of the technology abaft its Diem stablecoin, preceded by its years-long action with U.S. assembly over the stablecoin. Meta has, however, retained its agenda wallet Novi, which it launched as a pilot affairs to assertive barter in Guatemala and the United States aftermost October. Aftermost December, Novi launched a crypto payments feature to baddest users in the U.S. via WhatsApp (also endemic by Meta).
Dorsey, meanwhile has been complex in added initiatives above COPA that seek to advance the blockchain amplitude forward. Earlier this month, he announced the Bitcoin Acknowledged Defense Fund with the ambition of allowance Bitcoin developers who face acknowledged struggles.
Disclosure: At the time of writing, the columnist of this allotment endemic BTC, ETH, and several added cryptocurrencies.
