BTrust : An Endowment for Bitcoin Development

Dorsey from Twitter and Corey Carter ( Jay Z), a rapper-businessman have come together to form BTrust which is an endowment of 500 Bitcoin (worth $2.5 million). It is designed as a blind, irrevocable trust. They are seeking 3 board members to start the endowment. BTrust has one mission — to make Bitcoin the Internet’s currency. To begin with , it will focus on Africa and India. This move comes after Tesla’s decision to invest in Bitcoin. MasterCard and PayPal too are in this game. India and China intend to have their own digital currency.

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