Twitter CEO Jack Dorsey plans 250 BTC "blind" fund for Bitcoin development in India as govt mulls cryptocurrency ban

posted 15 days ago


As the adoption and use of cryptocurrencies still remains a pipe dream in India, Twitter Chief Executive Jack Dorsey on Friday said that he is planning to given 500 BTC to a new endowment to fund the development of Bitcoin in India and Africa.

"JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named to fund #Bitcoin development, initially focused on teams in Africa & India. It'll be set up as a blind irrevocable trust, taking zero direction from us. We need 3 board members to start," tweeted the Twitter CEO.
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