Jay-Z and Twitter founder to create bitcoin foundation

This is not the first time that a renowned rapper from the United States has shown interest in bitcoin and the development of Africa. We can even think that it has become a trend since the rapper Akon has embarked on the development of a smart city in Africa. This would include cryptocurrencies.

Now it's Jay-Z and Jack Dorsey's turn to get into it. Jack Dorsey is the founder of Twitter and that's also why newspapers actually have the headlines. They decided to invest no less than 500 bitcoins (the equivalent of $20 million) in the new foundation they have just created: Btrust.

What is interesting in the application form is the mission mentioned: “Make bitcoin the internet’s currency”. Basically, the foundation's objective is to make bitcoin there internet currency.

We can already speculate that the popularity of cryptocurrencies in Africa will be even stronger.

According to some, the foundation's vocation is to finance and develop projects linked to blockchain in Africa and in India. More precisely, the foundation would also like to train developers in these promising sectors.

With the recent announcement of Tesla which invested more than 1,5 billion dollars in bitcoin or even Mastercard which is closely interested in cryptocurrencies, this can only be positive for bitcoin and for cryptocurrency in general.

Then, to return to Jay Z and this BTrust project, this also shows us the certain interest that Bitcoin has in developing Africa. THE bitcoin in Africa is increasingly sought after among Africans as evidenced by the popularity of cryptocurrency purchasing sites.

For many experts, thefinancial inclusion could go through the use of bitcoin.

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Please note: Like all articles on this blog, this is not financial advice but simply information to help you better understand the world of cryptocurrencies.