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Investment firm Maelstrom awarded Bitcoin developer Ben Allen a $100,000 grant to work full-time on improving Payjoin, a technology designed to enhance Bitcoin transaction privacy and scalability.
Maelstrom is the family office of Arthur Hayes, co-founder and former CEO of the BitMEX cryptocurrency exchange.
Arthur Hayes, chief investment officer of Maelstrom and co-founder of BitMEX, endorsed the Payjoin initiative by highlighting its ability to increase privacy for all Bitcoin users, including those not directly using the protocol.
Payjoin is a Bitcoin transaction protocol introduced in 2019 via BIP 78 that enhances privacy by allowing both the sender and receiver to contribute inputs, disrupting traditional blockchain analysis techniques.

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