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The CEO of Twitter, Jack Dorsey, has just announced that he and Jay Z have set aside 500 BTC to fund Bitcoin development. The funds with a current approximate

February 12, 2021 In brief: Twitter CEO, Jack Dorsey and Jay Z have set aside 500 BTC to fund Bitcoin development The funds will be in an endowment trust named trust The funds focus will be on development teams in Africa and India Dorsey and Jay Z will provide zero direction and will need 3 additional board members Twitter could soon add Bitcoin to its balance sheet The CEO of Twitter Jack Dorsey has just announced that he and Jay Z have set aside 500 BTC to fund Bitcoin development. The funds with a current approximate value of $24 million, will be in an endowment trust aptly named trust. Furthermore, the trust will be geared towards funding Bitcoin development teams in Africa and India. Mr. Dorsey also explained that the trust will be a blind irrevocable trust whereby neither he nor Jay Z, will provide input as to its direction. The trust currently needs three additional board members. Jack Dorsey made the announcement of the Bitcointrust via the following tweet that also includes a link for an application to become a board member of trust. JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named trust to fund #Bitcoindevelopment, initially focused on teams in Africa & India. Itll be set up as a blind irrevocable trust, taking zero direction from us. We need 3 board members to start: Read more