Twitter founder, Jack Dorsey has appointed three Nigerians and one South African on the board of his Bitcoin Trust (BTrust) fund which will be disbursed for development in Africa and India.
Dorsey, who recently resigned as Twitter CEO in November, formed the Bitcoin trust fund in partnership with American hip-hop star Jay Z.
“I’m so grateful for you all and so inspired,” Dorsey tweeted on Wednesday while announcing the leaders of the Bitcoin trust fund.
The Nigerians appointed into the Bitcoin trust fund are Abubakar Nur Khalil, Obi Nwosu, Ojoma Ochai, and South African, Carla Kirk-Cohen. All four have worked to promote bitcoin development efforts across Africa.
Dorsey said the team where selected from a pool of 7,000 applicants.
“They’ll now work towards defining the operating principles as they think about how to best distribute the 500 bitcoin towards development efforts,” Dorsey tweeted.
Announcing the ₿trust board: @actuallyCarlaKC, @ihate1999, @obi, & @ojomaochai! I'm so grateful for you all and so inspired. 🧡⚡️🌍— jack⚡️ (@jack) December 15, 2021
They'll now work towards defining the operating principles as they think about how to best distribute the 500 bitcoin towards development efforts. https://t.co/jwbr4qQUZ2 pic.twitter.com/1MszEPdGKL
BTrust is a fund with a 500 BTC capital base worth N10,014,265,775.40 ($24,426,230), when pegged to late Monday’s market price of $48,815.35, and will be managed by four Africans, without oversight from Dorsey or Jay Z.
Facts to know about the four Africans on the board of his Bitcoin Trust (BTrust)
Carla Kirk-Cohen is a software engineer, her first role in the software space was actually at Luno, where she was a member of the crypto and security team. she is currently working at Lightning Labs.
Abubakar Nur Khalil is a bitcoin core contributor and had received $50,000 in BTC for his work on Bitcoin wallet software from Human Rights Foundation (HRF) in May 2021.
Khalil is also the CTO of Recursive Capital, an early on-stage crypto VC fund, supporting founders building critical web 3.0 infrastructure.
Obi Nwosu is the Co-founder of Coinfloor, a serd-level cryptocurrency startup, which has raised $300,000 in funding round.
Ojoma Ochai is the Managing Partner at CcHUBCreative (Co-Creation Hub), a technology innovation workspace, accelerating startup growth in Nigeria and selected part in Africa – CcHUB has raised $5.5 million to aid its operation.