Mike Coppola/Getty Images Twitter and Square CEO Jack Dorsey on Friday said he'd partnered with Jay-Z on a bitcoin endowment. The pair will invest 500 bitcoin to develop the currency in India and Africa, Dorsey said. Dorsey posted a form for applicants for three board seats for the endowment, called ₿trust. Twitter and Square CEO Jack Dorsey on Thursday announced a partnership with Jay-Z to start a bitcoin endowment, which will be focused on developing the cryptocurrency in India and Africa. "It'll be set up as a blind irrevocable trust, taking zero direction from us," Dorsey said on Twitter. Called "₿trust," the endowment is being funded with an initial investment of 500 bitcoin, worth roughly $23.6 million as of Friday morning.