• Bitcoin ATM patent infringement
    A patent holder is demanding royalties from all Bitcoin ATMs (Photo: Wikimedia Commons)
    Bitcoin,  Technology

    Bitcoin ATM operators to be sued for patent infringement

    OTC markets tech firm Bot bought a 2014 patent describing a Bitcoin ATM and now wants to be paid royalties on the use of this technology

    November 9, 2020 /

    First Bitcoin Capital is in discussion with “a major law firm” to act against the infringements to its Bitcoin ATM patent and collect royalty payments by those operating such machines. “All Bitcoin ATM manufacturing companies could be forced to use the patented technology to manufacture and sell their Bitcoin ATMs as well as companies and individuals that own and operate Bitcoin ATM networks locally and nationwide," the company claims.

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