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Jack Dorsey and Jay-Z to Launch Bitcoin Trust in India and Africa


Jack Dorsey and Jay-Z to Launch Bitcoin Trust in India and Africa
Feb 12 2021 · 16:27 UTC | Updated
Feb 12 2021 · 16:28
by Oluwapelumi Adejumo · 3 min read
Photo: Penn State / Flickr
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The crypto industry in Africa and India is still nascent as the countries are just beginning to come to terms with what this new technological advancement means for their financial industry.
Twitter’s CEO Jack Dorsey together with billionaire music mogul Jay-Z have announced a blind Bitcoin (BTC) development trust that is worth 500 units of BTCs which translates to over $23 million. The trust would have a mission of “making bitcoin the internet’s currency” and it would be focused on teams in India and Africa, first. These teams would make substantial efforts towards the development of the leading crypto asset. ....

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