Square Crypto announced the first of what will be many grants to support open-source bitcoin projects to BTCPay Foundation. Square Crypto offers $100,000 to BTCPay Foundation.
The company said that it would grant $100,000 to the BTCPay Foundation in support of BTCPay Server. It is an open-source cryptocurrency payment processor.
Square Crypto has revealed a generous act on Twitter that seems to be the ideal option for Jack Dorsey. He also happens to be the co-founder of Twitter.
BTCPay can use it to create anything as long as it is free and open-source software that enhances bitcoin’s safety, scalability, privacy, user experience, or fungibility.
The Square Crypto wrote in a blog post:
“BTCPay represents everything we love about open-source bitcoin projects. It exemplifies the ideals of our community and promotes adoption by letting merchants accept bitcoin, control their private keys, and self-validate their coins. It also creates powerful real-world applications for bitcoin without sacrificing user experience or requiring trusted third parties.”
Square Crypto was established with an aim to enhance and encourage bitcoin through the work of the company, as well as supporting the work of others.
Square Crypto offers $100,000 to BTCPay Foundation. The fact that BTCPay is so strong, yet only two years old, is a testament to the efficacy of open-source. Square Crypto believes in a setting that encourages bitcoin to be used and the techniques that empower it.
The blog post also outlined, apart from other things, the fact that this is not the only moment they are going to make grants for bitcoin promotion.
Recently, in an interview, Jack Dorsey gave a direct answer that they’d instead stick to Bitcoin and the open standards they’re working on.