Former Twitter CEO Jack Dorsey has selected three Nigerians to the Bitcoin trust fund’s board of directors (BTrust). Dorsey made the announcement on Wednesday, December 16, 2021, via a tweet on his Twitter page.
He named three Nigerians and one South African to the board of directors of his Bitcoin Trust (BTrust) fund, which will be used for African and Indian development.
The Nigerians appointed into the Bitcoin trust fund are Abubakar Nur Khalil, Obi Nwosu, Ojoma Ochai, and South African, Carla Kirk-Cohen.
Dorsey, a crypto advocate tweeted as he announced the leaders of the Bitcoin trust fund,
“I’m so grateful for you all and so inspired.
“They’ll now work towards defining the operating principles as they think about how to best distribute the 500 bitcoin towards development efforts.”
Dorsey, who just quit as Twitter’s CEO, said a committee selected the four developers from a field of 7,000 applicants.
The employment of these young Nigerians comes amid the Central Bank of Nigeria’s prohibition of official cryptocurrency transactions.
Dorsey established the Bitcoin trust fund in collaboration with Jay Z, an American rapper and record label entrepreneur.
The two earlier declared their plan to contribute 500 Bitcoin to establish the trust fund, an endowment dedicated to funding bitcoin development with an initial emphasis on teams operating in Africa and India.
It is unclear how the trust will operate in Nigeria, where the Central Bank of Nigeria has banned any bitcoin transactions.