Jack Dorsey Appoints Three Nigerians And A South African To Head Bitcoin Trust Fund Board
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.
BTrust with the ‘B’ carrying bitcoin symbol is a collaboration of American rapper, Shawn “Jay Z” Carter and Dorsey, who resigned as Twitter CEO late November.
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, 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.
The individuals were selected from a pool of 7,000 applicants who applied to be on the board, which was initially meant to be occupied by three directors.