With each passing day, cryptocurrency adoption has risen and will likely continue to spread owing to recent progress in the space. Payments processor Square Inc recently won a patent for a payment network which will allow merchants to accept payments in any currency – including digital coins.
According to public documents dated August 21, the U.S. Patent & Trademark Office (USPTO) has approved the application filed by the company in September last year.
“The disclosed technology addresses the need in the art for a payment service capable of accepting a greater diversity of currencies…including virtual currencies including cryptocurrencies (Bitcoin, Ether, etc.),” the company stated in the patent application obtained by CCN.