Payment processor BTCPay receives $150,000 grant from Kraken

Bitcoin • June 25, 2020, 12:01PM EDT
The Block

Open-source bitcoin payments processor BTCPay has received a $150,000 grant from crypto exchange Kraken, the company announced on Thursday. 

The grant, received and held in bitcoin, is the largest donation BTCPay has received to date. According to the announcement, Kraken has also launched a BTCPay Server integration on Cryptowatch, their trading terminal that provides cryptocurrency market data and analysis.

BTCPay will use the grant to improve its interface and offer more flexibility to developers by providing them with a "Swiss-knife type of stack that can help anybody in building a Bitcoin business with ease and versatility," the announcement said. 

The payment processor will also use the grant to increase its number of plugins and other integration tools. BTCPay said it plans to release a beta version of its exchange integration plugin BTC Transmuter later this year.

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Saniya More profile picture Saniya More

Saniya More (pronounced: Saan-ya Mo-ray) is a quadrilingual journalist at The Block. She got her master’s degree from the Columbia University Graduate School of Journalism and did her undergraduate degree at the S.I. Newhouse School of Public Communications, Syracuse University. Her work has appeared in CBS News, Bangkok Post, Thai Enquirer, Globalists, Byline Times and other publications. When she’s not chasing a story, you will most likely find her biking, tweeting, taking photos or creating Spotify playlists for every occasion.

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