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...
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...
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...