Today marks a significant milestone for the BTCPay Server Foundation, as the organization has been awarded a generous $25,000 grant paid directly in bitcoin from Unbank, a leading cash-focused Bitcoin exchange. According to a press release, these funds will bolster efforts to develop new features, innovate open-source payment solutions, and maintain the integrity of BTCPay Server’s Greenfield APIs and codebase.
In a statement regarding the grant, BTCPay Server’s core contributor R0ckstar Dev expressed enthusiasm, stating, “Unbank’s support is a testament to the growing recognition of open-source payment solutions in the Bitcoin ecosystem. This grant will help our efforts to enhance BTCPay Server’s capabilities and reach.”
Unbank, which has rapidly expanded to become a leading Bitcoin ATM network with over 830 ATMs and more than 30,000 partner locations, utilizes BTCPay Server within their app to facilitate bitcoin-selling transactions. Regularly engaging with their API, Unbank ensures efficient transaction processing. Emilio Pagan-Yourno, CEO and COO of Unbank, commented: “We love using BTCPay Server in our operations. When customers buy Bitcoin at our ATMs, we rely on their API to batch and broadcast transactions every 15 minutes. Supporting BTCPay Server is not just essential for our business — it’s a privilege to contribute to the FOSS ecosystem that powers financial freedom.”
The momentum doesn’t stop there. Last summer, BTCPay premiered a documentary that highlighted the increasing role of bitcoin as a medium of exchange, particularly at the world’s largest Bitcoin conference held in Nashville. Partnering with Jack Maller’s company Strike, BTCPay enabled every vendor present at the conference to accept bitcoin as payment.
This $25,000 grant marks a pivotal moment not just for the BTCPay Server Foundation but also for the broader community advocating for decentralization and financial independence.
The infusion of funds is a clear indication that the ecosystem is recognizing the importance of open-source tools in driving Bitcoin adoption. With this support, the BTCPay Server Foundation can further enhance its platform, establishing itself as a key player in the Bitcoin payment landscape.
- Increased Innovation: With dedicated resources, BTCPay can explore new features and functionalities.
- Community Empowerment: Open-source solutions enable a collaborative environment where developers can contribute.
- Strengthening Payment Solutions: Building robust APIs contributes to overall network resilience and security.
The BTCPay Server Foundation’s receipt of this grant exemplifies the potential and promise of collaborative support within the Bitcoin community and how partnerships can galvanize efforts toward financial freedom.
