JP 3E Holdings Inc (JPTE)

[Kool Aid Man]

In an interview with CEO Baez Fireblocks.com describes Bloxcross as "a customer since 2023." In it they say--

Bloxcross initially leveraged a traditional custodian to build their payments infrastructure, but quickly learned that the provider was not able to handle the transaction volume and blockchain coverage that their business and merchants required. Diego Baez, Founder & CEO of Bloxcross, explains, “We found that the custodian we were using was slow to react to the marketplace, and their infrastructure was clumsy– which made it very difficult for us to support our merchants... Bloxcross selected Fireblocks because they wanted to partner with a company that not only had blockchain and security expertise, but also strong knowledge of global payments. “There really wasn’t any other provider that could support what we were trying to do,” Diego says.... ”

The Takeaway?

Blox apparently didn't/ doesn't have the capacity to create this themselves so they went shopping for someone that did. That tells me there's nothing really all that proprietary or potentially patent-able about their product because Fireblocks surely has many other "customers."

I'd be curious to know if Bloxcross was able to buy/ license the technology from Fireblocks or if there's an ongoing payment/ royalty obligation.

Regardless, it seems more like what's known as a technology "product hack" (i.e. shopping various providers in order to cobbling together a solution). The question is "how much did Bloxcross contribute other than going shopping at the Fintech Supermarket?



So no trademark...no patent...