Former Twitter CEO and founder, Jack Dorsey appointed three Nigerians and one South African to lead the Bitcoin Trust Fund (Btrust) in an announcement made on his Twitter page on Wednesday 16, 2021
Prior to the appointment of these four African philanthropists, the Ex Twitter CEO had announced that a Bitcoin Trust endowment fund worth 500btc has been made available to fund Bitcoin development and advancement in Africa and India respectively
Following the recruitment of these developers into the project, The former Twitter CEO recruited three Nigerians and one south African to be part of his Bitcoin trust fund program which is meant to support the development of bitcoin in Africa and some part of India.
The Nigerians who were integrated to lead this project are Obi Nwosu, Abubakar Nur Khalil, and Ojoma Ochai, and the South African is named Carla Kirk-Cohen.
What did the former Twitter CEO, Jack Dorsey said, Dorsey who is a crypto investor and an advocate in the community, announce the leaders of the bitcoin trust fund which is meant for bitcoin development in some parts of Africa and India respectively?
In his statement, he said, “I’m so grateful for you all and so inspired.”
“They will now work towards defining the operating principles as they think about how to best distribute the 500 bitcoin towards attaining the developmental goal”
Dorsey, who recently ended his reign as Twitter CEO revealed that the four developers were selected by a selecting team who assess them vigorously from various angles and ensured that each selected applicant must have worked to promote bitcoin development across Africa and India from a pool of 7,000 applicants.
The appointment of these young Nigerians come after the country’s (Nigeria) apex bank had declared crypto activities to be illegal and forthwith ban all sorts of crypto activities in the country.
Fact About the Bitcoin Trust Fund
Dorsey team up with American rapper and record label mogul, Jay Z to form the Bitcoin Trust Fund.
The two highly-rated personalities had previously revealed their intention to give out 500 BTC to establish the trust fund, a bequest to fund bitcoin development with a starting focus on teams that resided in Africa and India.
However, the mode of operation of the trust fund is not clear to anyone yet as Nigeria whose youth is one of the dominant in the crypto community restricted crypto activities in the country.
