Twitter founder, Jack Dorsey, has appointed three Nigerians and one South African to act as the board of his Bitcoin Trust (BTrust) fund which will be disbursed for development in Africa and India.
In February, Dorsey, who resigned as Twitter CEO in late November, had announced a BTrust in collaboration with American rapper, Jay Z.
BTrust is a fund with 500 BTC capital base worth N10,014,265,775.40 ($24,426,230), when pegged to late Monday’s market price $48,815.35, and will be managed by four Africans, without oversight from Dorsey or Jay Z.
In a late statement released on his Twitter page on Wednesday, December 15, Dorsey revealed the identities of the BTrust board, three of whom are Nigerians; Abubakar Nur Khalil, Obi Nwosu, Ojoma Ochai, and South African, Carla Kirk-Cohen.
— jack⚡️ (@jack) December 15, 2021