Avid Bitcoin advocate Jack Doshi, Twitter CEO, established a foundation called’₿trust’ to support the development of bitcoin, and donated 26 billion won worth of bitcoin with the famous American rapper Jay-Z to run the foundation. I did it.
On the 12th (local time), the CEO of the city said, “We will donate 500 bitcoins to a foundation called’₿trust’. This foundation will first support bitcoin development projects in Africa and India.” .
The 500 bitcoins that the city CEO and Jay-Z decided to donate amount to about 26 billion won at the current market price.
“We will not be involved in the operation of the foundation,” the city’s CEO added, “it takes three boards to launch the foundation.” In the meantime, I shared a link to the board’s application in a tweet.
According to Link, the foundation’s mission is to turn Bitcoin into the internet’s currency.
The city CEO’s decision to run’₿trust’ seems to have expanded the bitcoin ecosystem support activity shown through the fintech company’Square’ that he founded.
Square started a service that allows you to buy and sell bitcoins through the cash app, a simple payment service, from January 2018. In October of last year, it also revealed that it invested $50 million, which is 1% of the company’s assets, in Bitcoin.
Twitter is also considering allowing Bitcoin payments. Ned Segal, Twitter Chief Financial Officer (CFO), said in a recent interview with CNBC in the United States, “We have reviewed how to pay if a partner or employee asked for payment or wages in Bitcoin.”
The city CEO is famous for being an active supporter of Bitcoin from the beginning. In an interview with The Times in the UK in March 2018, he predicted that Bitcoin will become the single currency used on the global internet within 10 years.
