The founder of Twitter, Jack Dorsey, has appointed three Nigerians and a South African to act as the board of his Bitcoin Trust (BTrust) fund which will be released to develop Africa and India.
Dorsey, who stepped down as Twitter CEO last month announced a BTrust [with the ‘B’ carrying bitcoin symbol] in collaboration with American rapper, Shawn “Jay Z” Carter in February.
BTrust is a fund with 500 BTC capital base worth N10,014,265,775.40 ($24,426,230) when converted to a recent market price $48,815.35. It will be managed by four Africans, without oversight from Dorsey or Jay Z.
In a recent statement released on his Twitter handle, Dorsey disclosed the identities of the BTrust board, three of whom are Nigerians; Abubakar Nur Khalil, Obi Nwosu, Ojoma Ochai, and South African, Carla Kirk-Cohen.
Members of the board were chosen from a pool of 7,000 applicants that applied to be on the board, which was initially planned to be occupied by three directors.
Abubakar Nur Khalil is a bitcoin core contributor. In May 2021, he earned $50,000 in BTC for his work on Bitcoin wallet software from Human Rights Foundation (HRF).
Also, Khalil is the CTO of Recursive Capital, an early on-stage crypto VC fund which offers support for founders building critical web 3.0 infrastructure.
Obi Nwosu is the Co-founder of Coinfloor while 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.
Carla Kirk-Cohen is a software engineer at Lightning Labs who previously worked for Luno, a South African cryptocurrency Exchange and Wallet firm.
