Square seeks new attorney to spearhead its crypto patent effort

Financial services company Square is hiring an attorney to lead its recently established Crypto Open Patent Alliance (COPA).

Through the consortium, Square aims to increase access to crypto technology by creating a collaborative patent library where developers can share their crypto patents and develop more technologies in the space.

According to a job description posted on the company website, the role will entail combining internet protocol (IP), legal and business skills to promote the mission of COPA: "to create open access to patents covering foundational cryptocurrency technologies to empower the crypto community to grow, freely innovate, and build new and better products."

"We believe that cryptocurrency’s success depends on the community coming together to build and develop upon existing technologies to innovate, which is not possible when parties tie up foundational technology in patents and litigation," said the company in its original press announcement.

© 2020 The Block Crypto, Inc. All Rights Reserved. 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.