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Twitter CEO Jack Dorsey Along With JayZ Launches 500 BTC Fund For Developers in India and Africa

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Jack Dorsey, the Twitter CEO along with popular musician JayZ has launched a 500 bitcoin trust focusing on bitcoin developers from India and Africa. The announcement comes at a crucial time especially for Indian developers as the government in the country is reportedly planning a crypto ban.

Jack Dorsey’s tweet also cleared that the bitcoin trust would be independent and would be lead by a three-member team for which they are currently looking for a lead. The trust is reportedly blind irrevocable trust independent of any influence from the founders.

Dorsey is a known Bitcoin proponent and his crypto venture Square inc. has already become quite popular for spending bitcoin. The announcement also comes on a day when the likes of BNY custody bank and Mastercard announced crypto integration, while the likes of Twitter and Uber disclosed they are planning to use Bitcoin as a form of payment as well as for paying an employee salary.

This story is being updated

 

The post Twitter CEO Jack Dorsey Along With JayZ Launches 500 BTC Fund For Developers in India and Africa appeared first on Coingape.



Source: Twitter CEO Jack Dorsey Along With JayZ Launches 500 BTC Fund For Developers in India and Africa

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