In a remarkable gust of developments, Tether, the entity behind the US dollar-pegged cryptocurrency USDT, recently revealed a statement claiming that it has awarded a staggering $100,000 grant to BTC Pay Server Foundation, the entity behind the world’s most renowned open-source payment processor software accepting Bitcoin & USDT payments (on Liquid). This move echoed a frenzy across the cryptocurrency landscape, further underscoring the rising demands of merchant-related crypto payments in today’s era.

$100,000 Award Grant: What’s The Scoop?

The abovementioned grant offered to the BTC Pay Server Foundation comes as a result of Tether’s acknowledgment of the pivotal role FOSS (Free and open-source software) plays in driving technological advancements, along with its ability to democratize access to state-of-the-art technologies for everyone. With this strategic offering of the grant, Tether further eyes fueling the development of open-source payment gateways, empowering enhanced accessibility, efficiency, and security for users across the globe.

Meanwhile, Paolo Ardoino, Tether’s CEO, stated, “Our grant to the BTCPay Server Foundation is a testament of Tether’s commitment to the open-source community and our belief in the transformative power of technology.” He added that by supporting the BTCPay Server Foundation, Tether not only sees investments in the future of digital payments but also aims to empower developers to craft inventive solutions that cater to users’ dynamic demands worldwide.

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BTCPay Server Founding Member Further Highlights Tether’s Support

R0ckstar Dev, a core contributor and founding member of BTCPay Server, conveyed his gratitude concerning this venture. He proclaimed, “I’m thankful to Tether for recognizing BTCPay Server’s significance as a Bitcoin FOSS project and for its generous grant. This contribution greatly empowers us to concentrate on our mission, enabling anyone to accept Bitcoin, unhindered by geographic, political, or financial barriers.”

As Tether continues to forge ahead as a Bitcoin and USDT payment solutions pioneer, this partnership further underscores another significant milestone in the firm’s journey to bolster and enhance the FOSS community. This showcases Tether’s strategic vision and dedication to nurturing a financial era that prioritizes accessibility and fairness for everyone across the global crypto realm.

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The post Tether Boosts Bitcoin & USDT Payment Solutions appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am