TL;DR: “We support bitcoin by building developer toolkits,” Square Crypto explained in a recent statement, “contributing to the Lightning Network and Bitcoin Core, and supplying grants that free up developers to work on bitcoin in their own way,” and announced its first developer-specific grant awardees.
Square Crypto Launches Developer Funding for Bitcoin Core, Lightning Network
The first announced grant went to Bitcoin Core developer Jon Atack. “Jon’s been doing Core dev work for almost a year. He’ll still be doing Core dev work, but now he’ll be getting paid for it,” Square Crypto tweeted.
Square Crypto is a division of payments application and hardware company Square, which is also known for its popular CashApp and just wrapped up a final quarter of more than $177 million BTC moving through its platform. It’s also headed by Jack Dorsey, CEO and co-founder of Twitter who has recently come under fire for his toe-dipping in too many corporate areas. It has been a busy year already for the division, however, which includes winning a patent for a crypto-related RTP system after only months earlier announcing its first hires for a permanent developer team.
“To date, we’ve supplied grants to BTCPayServer and ZmnSCPxj,” the company noted. “If you don’t have the financial means to build financial freedom for others, a Square Crypto Grant could be what you need.” Cash awards can be to groups or lone wolves and are not geographic specific. “Grants can be issued to a team or an individual working on a bitcoin project. “Proposals should be aimed at improving bitcoin through UX, scaling, privacy, security, or something else we haven’t thought of,” and, interestingly, those applying “must be in good standing with the bitcoin community.” Square Crypto also insists proposals “be free and open-source without a business or profit motive.”
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