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

posted 4 months 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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