Twitter Founder Appoints Nigerians To Head Bitcoin Trust Fund

Twitter founder, Jack Dorsey appoints three Nigerians, one other to head Bitcoin Trust fund.

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 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 The Nigerians appointed into the Bitcoin trust fund are Abubakar Nur Khalil, Obi Nwosu, Ojoma Ochai, and South African, Carla Kirk-Cohen.

All four have worked to promote bitcoin development efforts across Africa. Dorsey said a team selected the four developers from a pool of 7,000 applicants.