Galoy Newsletter #4: Bitcoin Mortgages and The Case for Open Source

New Story Partnering with Bitcoin Beach and Galoy to Make Homeownership Accessible

New Story, an organization focused on ending global homelessness, is collaborating with Bitcoin Beach and Galoy to construct hundreds of homes in El Zonte. The initiative enables homeowners to pay mortgages through the Bitcoin Beach Wallet.

The Case for Building, Supporting and Investing in Open Source Businesses

Grant Gilliam from Ten31 published analysis supporting open source software development on Bitcoin infrastructure. He contends that "The value proposition from an open source strategy will be far more meaningful than we've seen prior to bitcoin" and emphasizes how Bitcoin's transparent network architecture creates significant advantages.

Lightning Network News and Developments

Bitcoin Design Guide V2 and Development Accelerators

The Bitcoin Design Guide released its second version, featuring guidance for creating Lightning-based products and user experiences.

Alekos Filini collaborated with Conor Okus to demonstrate Bitcoin Dev Kit's capabilities for Taproot transaction development through video and code examples.

Cash App completed its Lightning Network rollout across its entire user base, bringing millions of additional people onto the platform.

OpenNode Secures Funding

OpenNode announced a $20 million Series A funding round to advance its mission of simplifying Bitcoin payment accessibility globally.

Community-Led Bitcoin Economy Initiatives

Bitcoin economy projects are emerging and evolving. Jack Dorsey discussed testing circular Bitcoin economy models with mayors nationwide and developing UBI-like concepts using Bitcoin.

Bitcoin Lake in Guatemala demonstrated creative merchant onboarding by facilitating a student pizza party funded entirely through Bitcoin donations from Twitter users.

Bitcoin Adoption Game Theory

Nations and political figures are strategically positioning themselves regarding Bitcoin adoption. Russia announced regulatory plans rather than prohibition. U.S. politicians from various states are proposing Bitcoin-friendly legislation, including legal tender status and tax payment acceptance measures.

Galoy is Hiring

The company is recruiting for technical and operational positions, including senior frontend engineers, platform engineers, mobile developers, and experience designers.