Square Joins Open Invitation Network to Limit Cryptocurrency Litigation

The network asks its members to pledge royalty-free access to patents for open source technology.

AccessTimeIconSep 14, 2021 at 8:01 p.m. UTC
Updated May 11, 2023 at 5:45 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Square has joined the Open Invention Network (OIN), a global patent non-aggression consortium, the payment giant announced Tuesday.

  • The OIN, originally created to protect the Linux operating system from patent litigation, reduces patent lawsuits over cryptocurrencies by having its members pledge royalty-free access to patents for open source technology.
  • The idea is to avoid extended legal battles over the core technologies that underlie the new digital currencies, Max Sills, counsel at Square, told Bloomberg. This includes technologies such as the Linux kernel and hadoop.
  • Square last year created the Crypto Open Patent Alliance (COPA), in which members pledge not to sue each other specifically over crypto technology patents, except for defensive purposes.
  • Square has become extremely involved with bitcoin, adding hundreds of millions of dollars the cryptocurrency to its balance sheet, as well as offering its customers the ability to buy and sell bitcoin.
  • Square CEO Jack Dorsey recently previewed plans to build a decentralized bitcoin exchange, and has also indicated that Square is building its own bitcoin hardware wallet.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Eli Tan

Eli was a news reporter for CoinDesk. He holds ETH, SOL and AVAX.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about