Twitter CEO Jack Dorsey has set up a 500 BTC (R346 million) trust fund for the development of bitcoin in Africa and India.
He announced the trust on Twitter, stating his and his partner’s need of three board members to run the trust. He stated it would be a blind trust and the board will never have to take directive from him and Jay-Z.
Do you think you have something to contribute as a aboard member of the trust fund? You may want to check out Jack’s post below and apply. Last we checked, the application is still open.
Prior to the announcement of the trust, Jack Dorsey has been in the vanguard ob Bitcoin adoption. In fact, he has Bitcoin as part of his bio in the company where he serves as CEO.
The announcement of the trust has spawned mixed reactions online. While some fans were all for it, others thought the priority was misplaced. A Twitter user stated that India has already banned Bitcoin while Africa countries are kicking agains the adoption of the cryptocurrency.