The CEO of Twitter, Jack Dorsey has announced a partnership deal with top US with rapper Jay-Z to set up a ($23.7 million) project, 500 Bitcoin trust in India, Africa.
Dorsey revealed the creation of the trust on Feb. 12 while sending out a call for three board members to oversee the blind trust initially.
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. It‘ll be set up as a blind irrevocable trust, taking zero direction from us. We need 3 board members to start: https://t.co/L4mRBryMJe
— jack (@jack) February 12, 2021
Dubbed the Trust, the application form for board members reveals the mission statement, “Make Bitcoin the internet’s currency.”