16 September, 2019
Square Crypto payment platform Bitcoin platform was originally created to improve and promote cryptocurrency, both through the development of its own platform, and to support similar startups. In an official announcement, Square Crypto announced y the first grant to support projects developing blockchain technology with open source code.
The amount of the grant provided by the BTCPay Foundation project for the development of BTCPay Server amounted to $100 thousand. All funds will be used to develop BTCPay Server, increase the user base, develop plug-ins for e-commerce, create educational materials and promote processing.
The terms of the grant indicate that the main conditions must be met and free, open-source software developed to increase security, scalability, privacy, usability or bitcoin functionality. In addition, the BTCPay server actually becomes a competitor to the Square payment platform. However, Square Crypto does not finance competitors who are very interested in Square
Among the first sponsors was also the Japanese DG Lab.