Square Joins Cryptocurrency Non-Aggression Pact on Patent Suits

  • Effort is aimed at boosting growth of the digital currency
  • Goal is to promote cryptocurrency while avoiding patent suits
Photographer: Christinne Muschi/Bloomberg
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Square Inc., the mobile payments company, has joined with other tech companies in a cross-licensing platform to reduce patent lawsuits over cryptocurrency and promote the growth of digital currencies.

The company says it is joining the Open Invention Network where members pledge royalty-free access to patents for open source technology.