Square Crypto was founded to improve and promote bitcoin, both through our own work and by supporting the work of others. In that spirit, today we’re announcing the first of what will be many grants to support open-source bitcoin projects.

This grant provides $100,000 to the BTCPay Foundation in support of BTCPay Server. It can be used by BTCPay to create anything, as long as it’s free and open-source software that improves the security, scalability, privacy, user experience, or fungibility of bitcoin — or all of the above.

BTCPay represents everything we love about open-source bitcoin projects. It exemplifies the ideals of our community and promotes adoption by letting merchants accept bitcoin, control their private keys, and self-validate their coins. It also creates powerful real world applications for bitcoin without sacrificing user experience or requiring trusted third parties.

It’s a testament to the effectiveness of open-source that BTCPay is so powerful yet only two years old. We look forward to helping them sustain and accelerate this momentum for a long time to come.