Square Joins Cryptocurrency Non-Aggression Pact on Patent Suits

Sept. 14, 2021, 4:01 AM

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.

Square says it is trying to avoid the sort of runaway litigation that once beset the smartphone industry. A year ago, Square formed the Cryptocurrency Open Patent Alliance, in which members make a similar pledge not to sue each other over patents and provides a shared patent library …