COPA encourages the advancement of cryptocurrency technologies, focusing on removing patents as a barrier to innovation.
The world’s largest provider of Bitcoin and other cryptocurrency payment services, BitPay, announced that it has partnered with the Crypto Open Patent Alliance (COPA). The partnership will focus on sharing open-source projects and enable both to use a shared patent library.
COPA believes that open access to patents is a necessity so that the industry can grow, build new projects and innovate.
Crypto Is Becoming Mainstream And Changing Businesses.
According to the CEO of BitPay, Stephen Pair
“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.”
COPA’s Open Payment Strategy
COPA encourages the adoption of cryptocurrency technologies and advocates for the removal of patents so that growth and innovation can occur unhindered. COPA believes cryptocurrency technology is collaborative technology that needs the efforts of designers, engineers, and developers.
COPA’s open patent strategy allows anyone to join and benefit from the alliance, regardless of whether they have access to patents or not.
COPA Board Chair Kirupa Pushparaj commented
“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.”
BitPay’s Complete Asset management Solution
BitPay has pioneered blockchain payment processing, enabling cross-border payments using cryptocurrencies like BTC, ETH, ECH, DOGE, and stablecoins like USDC, PAX, BUSD, and GUSD.
BitPay reduces the cost of payment processing, eliminates transaction fraud, and allows borderless payments using cryptocurrencies. BitPay’s complete digital asset management solution enables consumers to turn their digital assets into USD.
BitPay was founded in 2011 and is a pioneer in blockchain payment processing. The company hopes to change the way people send and receive money. BitPay helps in reducing payment processing costs, enables borderless payments using cryptocurrency, and completely eliminates fraud.
BitPay also offers its customers the BitPay Wallet and BitPay prepaid card, allowing them to convert their digital assets into dollars, enabling them to spend at thousands of businesses.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.