»Btrust by Dorsey, Jay Z to Promote Bitcoin Development in India Even as Govt Mulls Ban 2-MIN READ Btrust by Dorsey, Jay Z to Promote Bitcoin Development in India Even as Govt Mulls Ban Twitter CEO Jack Dorsey and eminent musician Jay Z’s 500 BTC endowment for Bitcoin development wants to use India’s massive, talented developer pool to build new technologies. FOLLOW US ON: Twitter CEO Jack Dorsey and musician Jay Z have come together as an unlikely pair to form ₿trust – a fund that aims to promote the development of Bitcoin in India and Africa, and find more everyday, regular use cases for digital currencies. The pair have invested a total of 500 Bitcoin, which is about Rs 172.5 crore or $23.8 million, to create the endowment. Interestingly, Dorsey and Shawn Carter (Jay Z’s real name) have stated that they will not be lending oversight or guidance into Bitcoin ventures that will be supported by ₿trust, leaving wide open the scope for work on Bitcoin deployment and development of new technologies and platforms that can bring Bitcoin and cryptocurrencies into the everyday fold.