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MainNewsReynolds Fou...

Reynolds Foundation Donates $1 Million To Fund Bitcoin And Open-source Projects


Reynolds Foundation Donates $1 Million To Fund Bitcoin And Open-source Projects
Apr, 22, 2024
1 min read
by Bitcoin Magazine
Reynolds Foundation Donates $1 Million To Fund Bitcoin And Open-source Projects

OpenSats, a non-profit organization that supports the development of free and open-source software and projects focusing on Bitcoin, announced today that it has received a $1,000,000 donation from the Reynolds Foundation. 

"As new supporters of OpenSats, we are deeply appreciative of the opportunity to engage with a community that exemplifies transparency, professionalism, and inclusivity, all while championing the acceleration of freedom," said Dr. Álvaro Salas-Castro, Reynolds Foundation President & CEO. "We firmly believe that the process is just as crucial, if not more so, than the outcome. OpenSats stands as a testament to the power of both. Our organization embraces a shared mantra of joyful optimism paired with a pragmatic approach: Togetherness. This ethos, cultivated by the Reynolds Foundation under the visionary leadership of our founder, Tim Reynolds, embodies our commitment to freedom and scalability."

The donation from the Reynolds Foundation will be dedicated entirely to supporting open-source projects and contributors working on freedom tech. Since OpenSats' operational budget is funded separately, it allows them to dedicate 100% of donations to funding open-source initiatives, the announcement stated. 

OpenSats encouraged fellow philanthropists to join their mission and contribute to funding open-source Bitcoin development. Individuals and organizations aligned with OpenSats' mission are also invited to apply for grants here, per the announcement.

These funding opportunities allow passionate contributors working on Bitcoin and freedom tech to access the resources they need to support their projects.

"We warmly invite fellow philanthropists to join us in supporting this groundbreaking endeavor, OpenSats," Salas-Castro continued. "Their work ensures that our collective efforts significantly impact the community we are dedicated to serving. Together, we can fix the money to fix the world."

Read the article at Bitcoin Magazine

Read More

Congressman Matt Gaetz Introduces Bill to Allow Federal Income Tax Payments in Bitcoin

Congressman Matt Gaetz Introduces Bill to Allow Federal Income Tax Payments in Bitcoin

The bill would order the Treasury secretary to develop a plan for accepting Bitcoin a...
Jun, 25, 2024
2 min read
by Bitcoin Magazine
Latin America's Largest Fintech Bank Integrates Bitcoin Lightning Payments

Latin America's Largest Fintech Bank Integrates Bitcoin Lightning Payments

Nu's 100 million customers will now be able to transact using the Bitcoin Lightning N...
Jun, 25, 2024
2 min read
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MainNewsReynolds Fou...

Reynolds Foundation Donates $1 Million To Fund Bitcoin And Open-source Projects


Reynolds Foundation Donates $1 Million To Fund Bitcoin And Open-source Projects
Apr, 22, 2024
1 min read
by Bitcoin Magazine
Reynolds Foundation Donates $1 Million To Fund Bitcoin And Open-source Projects

OpenSats, a non-profit organization that supports the development of free and open-source software and projects focusing on Bitcoin, announced today that it has received a $1,000,000 donation from the Reynolds Foundation. 

"As new supporters of OpenSats, we are deeply appreciative of the opportunity to engage with a community that exemplifies transparency, professionalism, and inclusivity, all while championing the acceleration of freedom," said Dr. Álvaro Salas-Castro, Reynolds Foundation President & CEO. "We firmly believe that the process is just as crucial, if not more so, than the outcome. OpenSats stands as a testament to the power of both. Our organization embraces a shared mantra of joyful optimism paired with a pragmatic approach: Togetherness. This ethos, cultivated by the Reynolds Foundation under the visionary leadership of our founder, Tim Reynolds, embodies our commitment to freedom and scalability."

The donation from the Reynolds Foundation will be dedicated entirely to supporting open-source projects and contributors working on freedom tech. Since OpenSats' operational budget is funded separately, it allows them to dedicate 100% of donations to funding open-source initiatives, the announcement stated. 

OpenSats encouraged fellow philanthropists to join their mission and contribute to funding open-source Bitcoin development. Individuals and organizations aligned with OpenSats' mission are also invited to apply for grants here, per the announcement.

These funding opportunities allow passionate contributors working on Bitcoin and freedom tech to access the resources they need to support their projects.

"We warmly invite fellow philanthropists to join us in supporting this groundbreaking endeavor, OpenSats," Salas-Castro continued. "Their work ensures that our collective efforts significantly impact the community we are dedicated to serving. Together, we can fix the money to fix the world."

Read the article at Bitcoin Magazine

Read More

Congressman Matt Gaetz Introduces Bill to Allow Federal Income Tax Payments in Bitcoin

Congressman Matt Gaetz Introduces Bill to Allow Federal Income Tax Payments in Bitcoin

The bill would order the Treasury secretary to develop a plan for accepting Bitcoin a...
Jun, 25, 2024
2 min read
by Bitcoin Magazine
Latin America's Largest Fintech Bank Integrates Bitcoin Lightning Payments

Latin America's Largest Fintech Bank Integrates Bitcoin Lightning Payments

Nu's 100 million customers will now be able to transact using the Bitcoin Lightning N...
Jun, 25, 2024
2 min read
by Bitcoin Magazine