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Kraken Grants $150,000 in BTC to Open-Source Payment Processor, BTCPay

San Francisco-based cryptocurrency exchange, Kraken has reiterated its commitment to supporting the continued development of the Bitcoin network and announced this week that it has granted $150,000 to BTCPay Server, an open-source Bitcoin payment processor.

According to a press release shared with Coinfomania, the new donation paid in Bitcoin to BTCPay Server coincides with Kraken’s recognition of the Micro, Small and Medium-sized Enterprises Day on June 26th.

It also marks another move by the exchange to support the adoption of BTCPay Server’s technology, with Kraken already incorporating BTCPay into its trading terminal Cryptowatch, to allow users to pay for the service using Bitcoin and other cryptocurrencies.

Pierre Rochard, Kraken’s Bitcoin Strategist commented on the latest grant, identifying BTCPay’s unique proposition in making bitcoin payment for merchants a reality. He said in the release:

Thanks to BTCPay, businesses have total freedom to conveniently access a secure digital cash system called Bitcoin. Accepting bitcoin as payment may be a key feature of your product, your payment system of last resort, or just one of many checkout options. In any case, it’s likely that BTCPay is the most cost-effective solution for your needs and I’m excited to see Kraken contributing to this project’s continued success.

In commemoration of the Micro, Small and Medium-sized Enterprises Day, Kraken is also organizing a free webinar highlighting the benefits of Bitcoin payments and how merchants can accept them in a way that offers true monetary freedom.

Meanwhile, the latest grant continues a generous round of donation to BTCPay Server, with the project receiving $100,000 from Jack Dorsey’s Square Crypto last year. In March, the Human Rights Foundation (HRF) also adopted BTCPay Server as a means of receiving Bitcoin donations.


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