xGov-195 approved: Frostbits Solutions to develop Arcpay
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Frostbits Solutions received final approval for xGov-195 on April 28, 2024, to develop Arcpay, an open-source payment processing platform for the Algorand ecosystem. The proposal requests 149,000 ALGO with a target completion date of August 31, 2024. Arcpay will support transactions for ALGO, Algorand Standard Assets, and real-world assets through fixed-price sales and various auction types, and will also facilitate subscription workflows.
The proposal was submitted on April 24, 2024, and moved to final approval four days later. Frostbits Solutions is the sole proposer and recipient of this grant.
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