• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • PPP MENA Forum, UAE (September 10-11, 2025)
    • WFIS, Philippines (September 23-24, 2025)
    • Fintech Revolution Summit, Vietnam (September 24, 2025)
    • CoinFerenceX, Singapore (September 29-30, 2025)
    • ChainUp, Singapore (September 30, 2025)
    • TOKEN2049, Singapore (October 1-2, 2025)
    • Forex Expo Dubai (October 6-7, 2025)
    • Merge Madrid (October 7-9, 2025)
    • European Blockchain Convention, Barcelona (October 15-17, 2025)
    • HODL, Dubai (October 30-31, 2025)
    • Blockchain Futurist Conference, Florida (November 5-6, 2025)
    • Fintech Revolution Summit, Saudi Arabia (November 3, 2025)
    • Mining Disrupt, Dallas (November 11-13, 2025)
    • WFIS, Indonesia (November 25-26, 2025)
  • Past Events
    • Blockchain Life
    • BlockShow Europe
    • Event Horizon

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
Visit European Blockchain Convention, Barcelona on October 16-17, 2025
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Jack Dorsey and rapper Jay-Z will set up bitcoin development fund

February 22, 2021 By Crypto Reporter

Fund’s objective is to expand Bitcoin’s capabilities and transform it into the currency of internet

Image via Flickr

Twitter CEO Jack Dorsey and rapper Jay-Z are putting 500 BTC to establish a new endowment to promote Bitcoin development.

Assembling a team is in progress. Initially the preference will be given to members in Africa and India. The fund also needs three board members to start off. Dorsey has posted a vacancy application in his Twitter account. Among the requirements is converting bitcoin into the internet currency. Last year Dorsey called bitcoin “the most viable internet-native currency”.

“I think the internet wants a currency and wants a native currency. And I think bitcoin is probably the best manifestation of that thus far. I can’t see that changing, given all the people who want the same thing and want to build it for the same potential,” said Dorsey.

Earlier, Square, a payment app owned by Dorsey, invested $50 million in bitcoin.

During the last year popularity of the first cryptocurrency has increased greatly, as reflected in its market price.

Institutional investors are also paying closer attention. Recently, two financial giants, Mastercard and US oldest bank BNY Mellon, stated about plans to work with bitcoin, while Ellon Musk’s Tesla invested $1.5 billion of its reserves into BTC purchase with subsequent proposal to accept cryptocurrency as payment.

Filed Under: General News, News Tagged With: bitcoin, cryptocurrency, Jack Dorsey, Jay-Z, news, Twitter

Primary Sidebar

Follow Us

Press Releases

Why Buying Ozak AI at $0.01 Today Could Be Like Buying Ethereum Under $10 Before Its Bull Market Breakout

September 4, 2025

Trump’s DeFi Bet Could Create Crypto Millionaires: WLFI Token Soars Past $30B Valuation

September 4, 2025

When Meme Coins Cash Out, BlockchainFX Cashes In: Why $BFX Is the Next 100x Crypto Presale and Best Token Presale 2025

September 4, 2025

With Dogecoin and Shiba Inu Price Predictions Divided, New Crypto Coins Are Emerging as the Best Crypto to Buy Now

September 4, 2025

BlockchainFX Presale Surges Past $6.7 Million – Is This The Best New Exchange Token To Rival BNB and Hyperliquid?

September 4, 2025

PPP MENA Forum

TOKEN2049

Forex Expo Dubai

Merge Madrid

HODL

Futurist Conference

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2025 Crypto Reporter