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Jack Dorsey’s Bitcoin Development Team Collaborates with Jay-Z

Jack Dorsey, the co-founder of Twitter and CEO of Block, announced that the board members of his Bitcoin development endowment has collaborated with influential hip-hop artist Jay-Z.

This move is part of their plans to contribute 500 Bitcoins (BTC) to set up an endowment, ₿trust, to fund bitcoin development — starting with the teams based in Africa and India. Dorsey said that he needed three board members when revealing his plan for a blind trust back in February.

Dorsey recently named four developers picked from a pool of 7,000 applicants: Carla Kirk-Cohen, Abubakar Nur Khalil, Obi Nwosu and Ojoma Ochai. All of them have promoted bitcoin development efforts all over Africa thus far.

Dorsey is known for his long-time support of Bitcoin, having added the world’s largest cryptocurrency to his payment firm Block’s balance sheet. Block was previously named Square before it got rebranded to signal a broader push into crypto. Moreover, the payment firm has an ongoing grant program that provides funding for the development of bitcoin technology.

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SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

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