Cryptocurrency

Square Crypto Will Pay To Promote Bitcoin To The Masses

admin

Navigation

For Square Crypto, the Way to Bitcoin Mass Adoption Is Open Source

Square Crypto Will Pay To Promote Bitcoin To The Masses

Square Crypto Will Pay To Promote Bitcoin To The Masses
CONTENT

  • Square Crypto is the cryptocurrency arm of the Square payment system.

  • The company financially rewards developers promoting Bitcoin to the general public.

  • The latest grant went to the developer of an easy-to-use Bitcoin wallet.

International consortium of news organizations developing transparency standards.

Payments company Square has provided a financial grant to the developer of a new bitcoin wallet, friendly to inexperienced users.

Square, a well-known provider of payment solutions, announced its decision to provide a grant to a bitcoin developer who has set out to make crypto wallets more friendly to inexperienced novice users..

“You better help financially”

Square Crypto Will Pay To Promote Bitcoin To The Masses

The announcement was made on Twitter by the company’s cryptocurrency arm, Square Crypto. The lucky winner of the grant was Maggie Valentine, a developer representing blockchain startup she256.

Do you want to keep abreast of the latest news from the crypto industry? Join the discussion in our Telegram channel – and you will find out everything!

Giving trick-or-treaters Open Dimes and Square Crypto grants this year. Speaking of which, this one goes to Maggie Valentine (@magglevalentine), a designer working to simplify wallet onboarding flows by reducing technical jargon and increasing user education.

– Square Crypto (@sqcrypto) October 30, 2020

Square Crypto not only verbally supports the development of the BTC ecosystem and the more active promotion of bitcoin to the masses. The company provides financial support in the form of grants to individual developers and entire companies operating in the crypto space..

Interface is the key to success?

Valentine is working on simplifying the interface of the cryptocurrency wallet to make it easier for newbies to use, the company explained. In particular, it seeks to reduce the amount of technical jargon used and to increase the general awareness and knowledge of users..

Valentine herself is confident that bitcoin and bitcoin wallets have not yet received mass acceptance precisely because of their excessive complexity. So, people are scared off by a large number of technical terms and concepts unfamiliar to the user..

She believes that consumers are often unable to take advantage of all the benefits and benefits offered by new technology due to lack of the necessary technical knowledge. Meanwhile, the spirit and ideals of the crypto space, created in opposition to all the shortcomings of the traditional financial system, should also be available to them..

Square Crypto Will Pay To Promote Bitcoin To The Masses

In this regard, design is critical as a tool that can provide effective interaction with all categories of users, says Valentine. She intends to figure out which interface options and offered options are best for beginners who do not have a rich experience of interacting with cryptoassets..

Square invests in bitcoin

Square representatives, for their part, added that a complex user interface should not become an obstacle for part of the population and determine who will be able to take advantage of all the benefits of Bitcoin..

Recently, BeInCrypto already reported that Square, owned by Twitter CEO and bitcoin maximalist Jack Dorsey, has invested $ 50 million in buying bitcoin. At the same time, the company’s management expressed confidence that in the future, bitcoin will become a common currency..

As a result of this move, Square joined MicroStrategy and Galaxy Digital as one of the largest publicly traded bitcoin companies..

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

Similar articles

Similar articles