Jack Dorsey patents the beginning of crypto at the point-of-sale
Jack Dorsey’s payments company Square has been awarded a patent from the U.S. Patent and Trademark Office for technology to convert crypto to fiat.
The Crypto Patent to End The Adoption Question
Square, founded by Twitter’s Jack Dorsey, a long-time Bitcoin advocate, was granted the patent on Jan. 21. The technology will enable crypto-to-fiat transactions in real-time.
Its impact will remove one of the major barriers to cryptocurrency adoption: Price volatility.
Square’s new technology will enable instant conversion from one currency to another, allowing shoppers to spend crypto while retailers receive their fiat of choice. Read More...