Digital payment provider Square Inc (NYSE:SQ). has been granted a patent for a payment network that would allow merchants to accept payments in any currency – including Bitcoin (BTC), Ethereum (ETH), or any other crypto coin.
The San Francisco-based company filed for a patent in September 2017 regarding a system that supports cryptocurrencies in addition to traditional payment methods. On August 21, the U.S. Patent & Trademark Office (USPTO) published approval documents for Square’s application.
“The present technology permits a first party to pay in any currency, while permitting the second party to be paid in any currency. In this way, the technology provides benefits that removes barriers to transactions that might inhibit international commerce, or commer...
This article appeared first on Cryptovest