Jack Dorsey, Jay-Z Put 500 Bitcoin Into Trust Supporting Africa and India
"It‘ll be set up as a blind irrevocable trust, taking zero direction from us," said Dorsey.
Updated Sep 14, 2021 at 12:10 p.m. UTC
![Square And Twitter CEO Jack Dorsey Speaks At Empowering Entrepreneurs Event](https://www.coindesk.com/resizer/hC58iG4cIxTVdvXlbkAEXCOQAf0=/567x378/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/DHU72QZ7IRC5HBQOR4UEJ37M3I.jpg)
Twitter CEO Jack Dorsey announced Friday that he will partner with rapper Jay-Z and donate 500 bitcoin (currently worth about $23.6 million) to set up a new endowment trust supporting Bitcoin development in Africa and India.
- "It‘ll be set up as a blind irrevocable trust, taking zero direction from us," said Dorsey.
- Dorsey shared a link for potential ₿trust board members to apply to help oversee the trust.
- On Wednesday, Dorsey donated $1 million to cryptocurrency policy think tank Coin Center, according to an announcement tweeted by the organization's director Jerry Brito.