Tether grants $100,000 to BTCPay servers to continue working to ensure anyone can receive Bitcoin.
Today, stablecoin issuer Tether announced a significant award of $100,000 to the BTCPay Server Foundation, highlighting Tether’s strong support for the Free and Open Source Software (FOSS) movement and highlighting its commitment to advancing digital payment solutions. .
JUST IN: Tether donates $100,000 to BTCPay servers so they can continue efforts to make them acceptable to anyone #Bitcoin Sold out
— Bitcoin Magazine (@BitcoinMagazine) April 2, 2024
“Our support of the BTCPay Server Foundation demonstrates Tether’s commitment to the open source community and our belief in the transformative power of technology,” said Tether CEO CPaolo Ardoino. “By supporting the BTCPay Server Foundation, we are investing in the future: delivering digital payments and enabling developers to create innovative solutions that meet the evolving needs of users around the world.”
BTCPay Server Foundation is known for its open-source payment processor software that has been utilized and customized by numerous merchants and businesses around the world to accept Bitcoin and USDt payments on Liquid. Tether’s grant to the Foundation reflects recognition of FOSS’ pivotal role in fostering technological advancement and democratizing access to cutting-edge technologies.
“We are grateful to Tether for recognizing the importance of BTCPay Server as a Bitcoin FOSS project and providing a generous grant,” said R0ckstar Dev, a core Bitcoin contributor and founding member of BTCPay Server. “This contribution greatly empowers us to focus on our mission to enable everyone to accept Bitcoin without the hindrance of geographic, political, or financial barriers.”
Tether said its partnership represents another achievement in the company’s efforts to strengthen and elevate the FOSS community and demonstrates its strategic vision and commitment to fostering a more “inclusive and equitable” digital future.
