Square Crypto, the payments company launched by Twitter founder Jack Dorsey, is now officially supporting Bitcoin (BTC) development through a grant program. This formalizes the already significant contributions made by the company toward the cryptocurrency.
Through a March 4 announcement, the company announced that the Square Grants program would be made publicly available. Two developers had already received grants: BTCPayServer received $100,000 to continue development of its open-source payment processor, and a pseudonymous developer received an undisclosed sum in connection to Lightning Network development.
With the announcement, Square revealed to have also granted undisclosed amounts to Jon Atack and Tankred Hase, two Bitcoin developers who have previously done significant work in the space.
How to apply for grants
Square has made the conditions for joining the program public. The rules state that grants can be received by a team or individuals all around the world, provided that they work on a Bitcoin project.
The proposals must improve Bitcoin’s user experience, scaling, privacy, security or “something else we haven’t thought of,” Square wrote. The developers must also be “in good standing” within the Bitcoin community.
The team listed several examples of applicable projects, citing new layer two solutions, privacy implementations like Payjoin or SNICKER, new wallets and several others.
Applicants need to send an email to Square and write a detailed proposal text. “We’ll get back to you if it excites us and lines up with grant criteria,” the announcement reads.
https://cointelegraph.com/news/jack-dorseys-square-publicly-launches-grants-for-bitcoin-development
