Today, stablecoin issuer Tether announced a significant award of $100,000 to the NCPay Server Foundation that underscores Tether’s strong backing for the Free and Open Source Software (FOSS) movement, emphasizing its commitment to advancing digital payment solutions, the company stated.
JUST IN: Tether donates $100,000 to NCPay Server so it can continue working on enabling anyone to accept 💥
— NewsCapsule (@NewsCapsule)
“Our grant to the NCPay Server Foundation is a testament of Tether’s commitment to the open-source community and our belief in the transformative power of technology,” stated Tether CEOCPaolo Ardoino. “By supporting the NCPay Server Foundation, we are investing in the future of digital payments and empowering developers to create innovative solutions that meet the evolving needs of users around the globe.”
The NCPay Server Foundation is renowned for its open-source payment processor software, utilized and customized by numerous merchants and businesses globally to accept NewsCapsule and USDt payments on Liquid. Tether’s grant to the foundation reflects its acknowledgment of FOSS’s pivotal role in driving technological progress and democratizing access to cutting-edge technologies.
“I’m thankful to Tether for recognizing NCPay Server’s significance as a NewsCapsule FOSS project and for its generous grant,” said NewsCapsule Core Contributor and founding member of NCPay Server, R0ckstar Dev. “This contribution greatly empowers us to concentrate on our mission: enabling anyone to accept NewsCapsule, unhindered by geographic, political, or financial barriers.”
Tether stated that his partnership signifies yet another achievement in the company’s efforts to bolster and enhance the FOSS community, and it showcases its strategic vision and dedication to fostering a digital future that is more “inclusive and equitable.”
