Jay-Z and the boss of Twitter join forces: they want to make Bitcoin the currency of the Internet.
Sylvie Claire / February 13, 2021
Jack Dorsey, the founder of Twitter, announced Friday the creation with the rapper Jay Z of a foundation to finance the development of Bitcoin as the motto of the internet .
Jay-Z and I will donate 500 Bitcoin to a new endowment called Btrust to fund Bitcoin's development, which will initially focus on teams in Africa and India, tweeted Jack Dorsey, also head of Square, a payment services company. 500 Bitcoins were worth some $24 million on Friday. It will be a blind trust, which will not receive any direction from us, he said, before referring to a link for nominations for the first three board positions. According to the application page, Btrust's mission will be to "make Bitcoin the currency of the Internet.