Earlier in February, Jack Dorsey former Twitter CEO announced that a Bitcoin Trust endowment fund worth 500 BTC has been opened to fund Bitcoin development in Africa and India, today, Jack announced four board members chosen from over 7000 applications , three Nigerians and a South African were selected.
The Bitcoin Trust endowment Jack noted will “be set up as a blind irrevocable trust, taking zero direction from us. “
The four were selected after a rigorous process that involves application tendering their proof of work and several interviews process, Jack stated.
He further explained that the board members will now define the operating principles on how the 500 BTC will be used for development process.
The selected board members are Carla Kirk Cohen: South Africa, Abubakar Nur Khalil, Obi Nwosu and Ojoma Ochai : Nigerians.
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