List of 2023 US Unicorns and their patents
Only 22% of 2023 US unicorns have patents. Which companies are actively pursuing patent protection?
Blockchain miners in shipping containers
A recently published USPTO filing covers designs for a portable cryptocurrency mining system.
Betting with bitcoin: Gambling giant granted crypto payment patent
International Game Technology (IGT) has patented a technology that uses cryptocurrencies as a form of payment in casinos. The USPTO granted IGT a patent last January 5 for a system that allows cryptocurrency funds to be transferred to a “gaming establishment account” from a player’s external crypto account. This allows users to transfer cryptocurrencies like Bitcoin from their private wallets to virtual wallets linked to casino accounts with the use of their phones.
Bitcoin Patent Holder’s Move Stresses Industry’s Potential IP Risks
BOTS Inc., a Puerto Rico-based blockchain and robotics firm, stated in November 2020 that it is in discussions with “a major law firm” to enforce their newly-acquired Bitcoin ATM patent against Bitcoin ATM operators in order to collect royalty payments. The company expects revenues of $14 million to $18 million annually in connection to patent enforcement.
Ripple, Plaid highlight fintechs’ legal struggles with IP protection
The global financial technology market is set to reach a value of $305 billion by 2025, according to a report. As the industry continues to grow, now at an expedited rate partly due to the pandemic, we’re also witnessing a surge in the number of companies grappling with intellectual property rights across an interconnected network of financial institutions.
