Reporting on Fintech, Bitcoin, Ethereum, Blockchain and Cryptocurrency News in Nigeria

DiutoCoinNews Markets

3 Nigerians Chosen For Jack & Jay Z $24 Million Bitcoin Trust Endowment.

Share this:

Earlier in February, Jack Dorsey former Twitter CEO announced that a Bitcoin Trust endowment fund worth 500 BTC has been opened to fund Bitcoin development in Africa and India, today, Jack announced four board members chosen from over 7000 applications , three Nigerians and a South African were selected.

The Bitcoin Trust endowment Jack noted will “be set up as a blind irrevocable trust, taking zero direction from us. “

The four were selected after a rigorous process that involves application tendering their proof of work and several interviews process, Jack stated.

He further explained that the board members will now define the operating principles on how the 500 BTC will be used for development process.

The selected board members are Carla Kirk Cohen: South Africa, Abubakar Nur Khalil, Obi Nwosu and Ojoma Ochai : Nigerians.

Copyright DiutoCoinNews

All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from  DiutoCoinNews.


Your email address will not be published. Required fields are marked *