Bitcoin, the future internet currency? Twitter and Jay-Z believe it | Tech

“Jay-Z and I are going to donate 500 bitcoins to a new endowment named Btrust to fund the development of bitcoin, which will initially be focused on teams in Africa and India,” tweeted Jack Dorsey, also boss of Square, a service company of payments.

500 bitcoins were worth some $ 24 million on Friday.

“It will be a blind trust, which will not receive any instructions from us,” he said, before referring to a link for candidacies for the first three board member positions.

According to the application page, Btrust’s mission will be to “make bitcoin the currency of the internet”.