Twitter CEO Jack Dorsey and one of the famous rappers Jay Z made big decisions in the development of bitcoin, they try to develop bitcoin. Both of them announced to form a bitcoin development fund or bitcoin development fund.
Quoted from CNN, Monday (15/2/2021), Dorsey and Jay Z will invest as much as 500 bitcoins into the project. That figure is equivalent to US $ 23 million.
In order to develop Bitcoin, actually bitcoin itself is already in Dorsey’s portfolio. Another company, Square, bought 4,709 bitcoins in October 2020. Bitcoin is equivalent to US $ 50 million.
In 2018, the company expanded its Cash App mobile payment service to support bitcoin trading. In fact, for users without accounts.
Then, in 2019 the company launched Square Crypto, which provides grants to bitcoin developers and designers.
Additionally, a Twitter executive said in an interview that the company is reviewing new uses of the digital currency, including employee salaries.
To note, bitcoin has recently attracted the interest of large companies. Tesla, for example, recently announced it will hold its cash in part in bitcoin. The electric car company will also accept payments using digital currency.
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