Twitter founder, Jack Dorsey, has appointed three Nigerians and one South African on the board of his Bitcoin Trust (BTrust) fund which will be disbursed for development in Africa and India.
In February, Dorsey announced a BTrust in collaboration with 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 statement shared on Twitter on Wednesday, Dec. 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.
The individuals were selected from a pool of 7,000 applicants.