RATE Group | Jack Dorsey’s Square Publicly Launches Grants for Bitcoin Development
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Jack Dorsey’s Square Publicly Launches Grants for Bitcoin Development

05 Mar Jack Dorsey’s Square Publicly Launches Grants for Bitcoin Development

Posted at 13:28h in Bitcoin News by

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Square Crypto, the payments company launched by Twitter founder Jack Dorsey, is now officially supporting Bitcoin (BTC) development through a grant program. This formalizes the already significant contributions made by the company toward the cryptocurrency.

Through a March 4 announcement, the company announced that the Square Grants program would be made publicly available. Two developers had already received grants: BTCPayServer received $100,000 to continue development of its open-source payment processor, and a pseudonymous developer received an undisclosed sum in connection to Lightning Network development.

With the announcement, Square revealed to have also granted undisclosed amounts to Jon Atack and Tankred Hase, two Bitcoin developers who have previously done significant work in the space.

How to apply for grants

Square has made the conditions for joining the program public. The rules state that grants can be received by a team or individuals all around the world, provided…

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