Jan 22, 2020 ⋅ 1 min read
Jack Dorsey’s financial services company Square has won a U.S. patent for a new network that allows seamless crypto-to-fiat transactions. The technology would allow a sending party to pay in any currency while allowing the receiving party to be paid in any currency by converting the sender’s currency into the currency specified by the receiver. According to Coindesk, the patent suggests the system could be extended to add support for other asset classes including securities, derivatives or loans.
Why it matters:
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Gain an edge over the market with professional grade tools, data and research.
Already a member? Sign in
Gain an edge over the market with professional grade tools, data and research.
Already a member? Sign in