Bitcoin (BTC) payment service, Square Computer, which has its open-source bitcoin project has announced that they are going to support it. The BTCPay Foundation of the first, and will receive $100,000 in cash.
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BTCPay will receive a $100,000 grant to
Square Computer is in the computer section of the Square, and the second is a company from Jack Dorsey, CEO of Twitter. Obviously, the news was announced on…Twitter.
We’re giving a bunch of money to a @BtcpayServer, a product that appears to be in direct competition with our mothership. It isn ’t. Here’s why. #BH2019 #BalticHoneyBadger2019
Station Computer (@sqcrypto) on September 14, 2019
The grant will be for a number of conditions. Thus, it is intended that the BTCPay of free and open-source software development.
Software the security, scalability, privacy, and ease-of-use and fungibility of bitcoin is improving.
According to the Square, the Computer team uses BTCPay in their scope:
They are promoting bitcoin as a method of payment, and the management of the private keys as well as the validation of the source of the BAC. And they do all of this without the intervention of any third party.
According to Square, the Computer is BTCPay Server does not have a direct competitor.
The current betaalproviders have a choice: adapt or be left behind. We don’t see this as an investment in a competitor, but it’s an investment in the future of money, and we have an interest in”.
Square Is A Computer
This is the part within the Square, which is primarily focused on the development of open source software to bitcoin (BTC) network.
Recently, the team has to be one of the most prominent bitcoin developers are incorporated. In the us, Square is well-known from the betaalapp money to bitcoin is to buy it.
In the first half of 2019, the bitcoin is selling for well over $190 million (approx. At €172 million) in the coffers to put. The company’s gross profit amounted to $3 million.
Read also, – ‘Bitcoin adoption is accelerating the development of Square, ” says ceo Jack Dorsey
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