Jack Dorsey and Jay-Z Launch Bitcoin Trust Fund for Africa & India: 500 BTC Investment
In a groundbreaking move, Twitter CEO Jack Dorsey and legendary rapper Jay-Z (also known as Mr. Carter on Twitter) have joined forces to launch ₿trust, a new endowment fund dedicated to advancing Bitcoin development in Africa and India. This initiative will be fueled by a significant donation of 500 Bitcoin, currently valued at approximately $23.7 million.
The news, initially announced by Dorsey himself, sent ripples through both the tech and music worlds. As Dorsey tweeted, "JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named ₿trust to fund Bitcoin development, initially focused on teams in Africa & India." The fund will operate as a blind Bitcoin trust, with a yet-to-be-named board guiding its investments. About six months ago, one individual\'s older brother suggested he apply for a role as a board member of ₿trust.
The specific details surrounding the partnership remain somewhat mysterious. Nada se sabe de cómo el directivo tech y el rapero han llegado a unirse en esta iniciativa. De hecho, Jay-Z (Mr.Carter en la red social Twitter) no...
₿trust aims to foster cryptocurrency adoption and innovation in these rapidly developing regions. The focus on Africa and India highlights the potential for Bitcoin to provide financial empowerment and access to innovative technologies in areas often underserved by traditional financial systems. Rapper-entrepreneur Jay-Z and Jack Dorsey, CEO of Twitter and Square, teamed up to form a new Bitcoin fund, focused on developing the cryptocurrency’s adoption.
While the exact operational details of ₿trust are still emerging, this collaborative effort between a tech visionary and a hip-hop icon promises to be a game-changer for Bitcoin development in Africa and India. This investment represents a significant commitment to fostering a decentralized future, driven by innovation and accessibility. Twitter CEO and Bitcoin bull Jack Dorsey is creating a new Bitcoin development fund alongside rapper and entrepreneur Jay-Z.
This initiative comes as a surprise, but it will be a welcomed addition to the Bitcoin community. Twitter CEO Jack Dorsey and musician Jay-Z have pledged 500 bitcoin (around $23.3 million) toward ₿trust, an endowment to fund bitcoin development.