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Twitter CEO, Rap Legend Team Up to Launch Overseas Bitcoin Fund

Twitter CEO Jack Dorsey and rapper Jay Z are teaming up to create a Bitcoin development fund. So reports CNN.

bitcoin 3089728 640 smallThe pair will be taking applications for a trust to be developed in India and Africa and are seeking three new board members. While not expecting to actively manage the fund, Dorsey and Jay Z will be investing approximately $23 million worth of Bitcoin into the project.

The move comes amid a surge in Bitcoin’s value and as a number of other organizations have recently throw their support behind the digital asset.

Read the full article from CNN.

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