February 12, 2021

Twitter chief Dorsey teams with Jay-Z to back bitcoin

San Francisco (AFP) – Twitter chief Jack Dorsey on Friday put out word that he and rap mogul Jay-Z are creating a fund devoted to making bitcoin digital money “the internet’s currency.” Dorsey, who is also founder and chief of financial services and mobile payments firm Square, said in a tweet that he and Jay-Z are giving 500 bitcoin to fund an independent endowment called “Btrust.” That amount of the cryptocurrency was worth about $24 million on Friday. “It will be set up as a blind irrevocable trust, taking zero direction from us,” Dorsey said, adding that the fund would initially focus on b…

source https://this.kiji.is/en/733099008658079744?c=648607265489716321

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