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OKCoin Donates $100,000 To Crypto Payment Processor BTCPay Server

Crypto exchange OKCoin has donated $100,000 to open-source crypto payment processor BTCPay Server

OKCoin CEO Hong Fang explains:

“We also have a special responsibility to support free or open-source software (FOSS) development which provides the building blocks in which exchanges are built upon.”

Today, we’re extremely excited to announce @BtcpayServer as the second recipient of the OKCoin Developer Grant with $100k USD in funding. Read the full story on our blog: #bitcoin $BTC — OKCoin (@OKCoin) May 28, 2020

OKCoin started up its Independent Developer Grant in 2019, the grant aims to give capital to open-source Bitcoin (BTC) product builders. 

OKCoin gave its inaugural developer grant to Bitcoin Core developer Fabian Jahr back in February 2020, according to an official blog post

The post notes OKCoin’s view on the importance of independent developers, calling them, “the real founders of the crypto industry.”

Fang adds:

“We created the OKCoin Independent Developer Grant that embodies three tenets we believe are crucial to supporting crypto developers: focus on free or open-source software (FOSS), protect independence and encourage decentralization.”

BTCPay Server gives online vendors and sites a way to accept and incorporate global Bitcoin payments.

Programmers can also construct various solutions using BTCPay as a base, as the project’s framework is decentralized and open-source.

Announcing BTCPay Server Grant #7 from @OKCoin. OKCoin is matching our biggest supporter to date and will be donating a total of 100,000 USD over the next 12 months. 💚💙 — BTCPay Server (@BtcpayServer) May 28, 2020

BTCPay Server contributor Pavlenex adds:

“BTCPay Server is a free and open-source payment processor. BTCPay Server is a code, not a company, it relies on the network of contributors around the internet.”

Morover, BTCPay does not involve third parties or added fees. Additionally, BTCPay’s framework holds vastly greater potential above basic transaction facilitation.

Pavlenex further states:

“It’s a tech-stack that allows you to build business and develop on top of it.”

Source: Cointelegraph | Image: Unsplash



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