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Square Crypto Gives Back to the Open-Source Bitcoin Community

Square Crypto, the crypto initiative of payments company Square, has announced that it is giving a $100k grant to the BTCPay Foundation, the non-profit organization behind BTCPayer Server. BTCPayer Server was founded in 2017 by Nicolas Dorier, a bitcoin developer. The project is a self-hosted, open-sourced bitcoin payments processor.

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According to Square Crypto, while BTCPay Server may appear to be a direct competitor to Square, the firm believes everyone will benefit from open-sourced products. “This isn’t an investment in a competitor, it’s an investment in the future of money—something that Square obviously has a stake in,” Square Crypto’s official Twitter account states.

Square Crypto recently announced it had hired Matt Corallo, a Bitcoin Core contributor and Blockstream co-founder. Corallo will work on open-source Bitcoin projects for Square Crypto.

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Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin54,864 0.68 % 0.20 % 12.65 %
Ethereum2,553.9 2.03 % 12.84 % 5.12 %
Binance Coin561.62 0.75 % 1.85 % 3.70 %
Tether0.9994 0.61 % 0.04 % 0.03 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.220 1.09 % 0.20 % 15.88 %
XRP1.310 0.76 % 1.16 % 28.65 %
Uniswap37.84 0.01 % 21.62 % 4.89 %
Litecoin284.76 2.27 % 12.18 % 2.19 %
Chainlink38.14 2.90 % 3.97 % 7.55 %