Jack Dorsey and Jay Z invest $23.6 million to fund Bitcoin development
Twitter and Square CEO Jack Dorsey and rapper Jay Z have created an endowment to fund bitcoin development initially in Africa and India, Dorsey said Friday. The duo is putting 500 bitcoin, which is currently worth $23.6 million, in the endowment called ₿trust. The fund will be set up as a blind irrevocable trust, Dorsey said, adding that the duo won’t be giving any direction to the team. ₿trust is looking to hire three board members. The mission of the fund is to “make bitcoin the internet’s currency,” a job application describes. Government in India has so far been reluctant to embrace bitcoin and other cryptocurrencies. Friday’s move comes as New Delhi is inching closer to introduce a law that would ban private cryptocurrencies in the nation. https://funhomebiz.com/showthread.php?tid=2 https://whitehatcommunity.com/showthread.php?tid=42065 https://shatabdishopping.com/showthread.php?tid=22617 “Even though India is the software development capital of the world, we haven’t contrib...