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, Millions in start-up capital: Twitter bosses Dorsey and Jay-Z launch Bitcoin funds | message, Forex-News, Forex-News
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Millions in start-up capital: Twitter bosses Dorsey and Jay-Z launch Bitcoin funds | message

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, Millions in start-up capital: Twitter bosses Dorsey and Jay-Z launch Bitcoin funds | message, Forex-News, Forex-News


, Millions in start-up capital: Twitter bosses Dorsey and Jay-Z launch Bitcoin funds | message, Forex-News, Forex-News

Dorsey announced on Friday by tweet that the two would use 500 Bitcoin as start-up capital, which currently corresponds to almost 24 million dollars (20 million euros).

, Millions in start-up capital: Twitter bosses Dorsey and Jay-Z launch Bitcoin funds | message, Forex-News, Forex-News

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The fund should finance Bitcoin projects, initially with a focus on development teams in Africa and India. Dorsey and Jay-Z are still looking for partners and have no plans to guide the foundation in the future. It is designed as a so-called blind trust so that the two of them cannot actively manage it.

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> In addition to Twitter, Dorsey also heads the payment service Square, with which he has been promoting the development of crypto currencies for a long time and invested in Bitcoin on a larger scale in October 2020. The oldest and most well-known cyber currency had a great week – on Monday it became known that Elon Musk’s electric car maker Tesla had bought Bitcoin worth around 1.5 billion dollars and will accept the crypto money as payment in the future.

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After that, announcements by MasterCard and the Bank of New York Mellon to open up to digital assets fueled the Bitcoin price even further.

NEW YORK (dpa-AFX)

Image sources: Frederic Legrand – COMEO / Shutterstock.com, Carlos Amarillo / Shutterstock.com



, Millions in start-up capital: Twitter bosses Dorsey and Jay-Z launch Bitcoin funds | message, Forex-News, Forex-News

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, Millions in start-up capital: Twitter bosses Dorsey and Jay-Z launch Bitcoin funds | message, Forex-News, Forex-News

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