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Jack Dorsey and Jay Z invest $23.6 million to fund Bitcoin development

Twitter and Square CEO Jack Dorsey and rapper Jay Z have created an endowment to fund bitcoin development initially in Africa and India, Dorsey said Friday.
The duo is putting 500 bitcoin, which is currently worth $23.6 million, in the endowment called ?trust. The fund will be set up as a blind irrevocable trust, Dorsey said, adding that the duo won’t be giving any direction to the team.
?trust is looking to hire three board members. The mission of the fund is to “make bitcoin the internet’s currency,” a job application describes.
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