IBM initially approached Groupon regarding the patent violation in 2011 and since then has been trying to negotiate a license agreement with the Chicago-based company. But when Groupon refused, IBM was forced to hit the company with a patent suit. Early this year, IBM also sued Expedia (EXPE) for infringing on its patents.
IBM looks to cryptocurrency
Stable coins are one of the latest trends in cryptocurrency. These are fixed on assets like gold, or other major currencies. Separately, the tech giant said it is teaming up with financial services provider Stronghold to test a new digital stable coin, with an aim to bring some security in the volatile crypto space. According to Fortune, the tech giant is currently testing the stable coin, or crypto dollar, on Stellar — the company’s Blockchain platform.
The growing interest in cryptocurrencies has been attracting a lot of attention. Recently asset manager BlackRock (BLK) hit the headlines after the company said it was evaluating different options of how it can take advantage of this emerging cryptocurrency market.