Jack Dorsey, the founder of Twitter, announced on Friday the creation, along with the rapper Jay Z, from a foundation to finance the development of the bitcoin as an “internet currency”.
“Jay-Z and I are donating 500 bitcoins to a new foundation called Btrust to fund bitcoin development, which will initially focus on teams in Africa and India,” tweeted Jack Dorsey, also head of Square, a service company of Payments.
On Friday, 500 bitcoins were worth about $ 24 million.
“It will be a blind trust, which will not receive any instructions from us,” he said, and mentioned the existence of a link on the Internet to submit candidacies for the top three positions on the board.
According to the app page, Btrust’s mission will be to “make Bitcoin the currency of the Internet.”
Canadian authorities on Friday authorized the launch of the world’s first publicly traded bitcoin fund, giving investors greater access to cryptocurrency.
Despite its sulphurous reputation (it is suspected of being used for illegal transactions), the cryptocurrency is gaining fame thanks to the investments of large companies.
On Monday, Tesla invested $ 1.5 billion in bitcoin and plans to accept virtual currency as a form of payment for its cars.
In October, online payments giant Paypal launched a cryptocurrency purchase, sale and payment service, while Square announced that it had invested $ 50 million in bitcoin.
BlackRock, which manages trillions of dollars on behalf of funds that manage the pensions of civil servants and companies and wealthy people, also reinforced the legitimacy of the virtual currency by adding it to the list of financial products in which it could invest in late January.
Jack Dorsey has never hidden his interest in bitcoin, which he sees as a decentralized governance model for the internet.
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