Square Joins Patent Group to Protect Bitcoin Innovation: A Win for Cryptocurrency
Square, now Block, is doubling down on its commitment to Bitcoin by joining the Open Invention Network (OIN), a significant move to safeguard the cryptocurrency ecosystem from stifling patent lawsuits. This strategic partnership, as reported by Bloomberg, aims to protect the cryptocurrency industry from a deluge of patent lawsuits of the kind that beset smartphone developers and to 15 de sept. de 2025 Square Inc (SQ), the American-based business solutions provider, has partnered with the Open Invention Network (OIN).
Combating Patent Trolling in the Crypto Space
Square, the payment processor founded by Twitter chief executive Jack Dorsey, has launched a new consortium to combat patent trolling. This initiative, often referred to as the "Cryptocurrency Non-Aggression Pact," is a crucial step in fostering innovation and preventing frivolous lawsuits from hindering the development and adoption of Bitcoin and other cryptocurrencies. 15 de sept. de 2025 Mobile payment services giant Square has signed on as the newest addition to the Cryptocurrency Non-Aggression Pact for potential patent lawsuits.
Jack Dorsey\'s Vision: Empowering Bitcoin Development
Jack Dorsey, the owner of the social media platform formerly known as Twitter, is a staunch advocate for Bitcoin. This move underscores his commitment to creating a more open and accessible financial system. La firma de pagos square de Jack Dorsey se ha unido al consorcio de protección de patentes Open Invention Network (OIN). La plataforma de licencias cruzadas. Square wants to create a service that will provide users with a wide range of on-ramps for exchanging fiat money for Bitcoin. Ultimately, Square wants to create a service that allows the Square, the payment processor founded by Twitter chief executive Jack Dorsey, has launched a new consortium to combat patent trolling.
Square and the Open Invention Network (OIN): A Powerful Alliance
14 de sept. de 2025 (Bloomberg) - Square Inc, the mobile payments company, has joined with other tech companies in a cross-licensing platform to reduce patent lawsuits over cryptocurrency technologies. This collaboration strengthens the OIN\'s already robust ecosystem and provides added protection for Bitcoin developers and businesses. 10 de sept. de 2025 Square, the payments company with a penchant for Bitcoin and open-source development, has launched a membership organization to curb stifling patents. The new pact is a 15 de sept. de 2025 pact.
What This Means for the Future of Bitcoin
Square\'s commitment, now as Block, to protecting Bitcoin through patent defense demonstrates a long-term vision for the cryptocurrency\'s success. By joining the OIN and actively working to prevent patent abuse, Square is helping to ensure that Bitcoin remains a vibrant and innovative technology for years to come.