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Tag: Jack Dorsey

  • Twitter co-founder Jack Dorsey to speak at the inaugural Africa Bitcoin Conference in Accra

    As a keynote speaker, Jack Dorsey, chairman of Block and co-founder of Twitter, will appear at the inaugural Africa Bitcoin Conference in Accra, Ghana, from December 5–7, 2022.

    Co-founder of Twitter Jack Dorsey currently leads Block, a group of fintech businesses that includes Square, Cash App, Spiral, TIDAL, and TBD.
    Block is a platform targeted at assisting small and medium-sized businesses accept online payments, therefore creating tools to make the economy more accessible to consumers and businesses.

    Cash App has grown to be one of the most well-known and accessible Bitcoin exchange platforms in the United States. Bitcoin is also a significant component of Block’s business.
    Block bought $50 million worth of Bitcoin in the fourth quarter of 2020 and another $170 million in the first quarter of 2021.

    The former CEO of Twitter and now Chairman of Block, Jack Dorsey, hasn’t been shy about voicing his support for Bitcoin, and he hopes to see Bitcoin become the internet’s native currency. Dorsey has stated that he believes Bitcoin can alter the world, and he considers Bitcoin to be the most important project of his lifetime. In 2021, Jack Dorsey partnered with rapper Jay-Z to launch a new endowment called “B-trust” worth 500 BTC to fund Bitcoin software development in Africa and India.

    Jack Dorsey will join about seventy other speakers in the largest Bitcoin conference ever to take place in Africa. Farida Nabourema, a Togolese human rights activist and the convener of the Africa Bitcoin Conference, believes Bitcoin could become the currency of decolonization, allowing hundreds of millions of unbanked Africans to participate in a global and independent monetary system and providing a powerful resource to activists fighting against authoritarian regimes.

    The Africa Bitcoin Conference will bring together developers, investors, startups, and human rights activists from across the continent and beyond, to build a movement that will accelerate Bitcoin adoption in Africa. Other notable speakers include Obi Nwosu, co-founder and CEO of Fedi, Alex Gladstein, CSO of the Human Rights Foundation, Ray Yussuf CEO of Paxful among others.

  • Twitter founder pledges $1 billion for coronavirus relief efforts

    Twitter Inc Chief Executive Officer Jack Dorsey on Tuesday pledged $1 billion of his stake in Square Inc, the payments processor that he co-founded and heads, to help fund relief efforts related to the Coronavirus pandemic.

    In a series of tweets, Dorsey said the amount, representing about 28% of his wealth, will be donated to his charity fund, Start Small LLC, which would later focus its attention to universal basic income and girls’ health and education.

    Dorsey, who for years has kept details of his charitable efforts private, said all donations to and from the fund would now be visible to the public at all times through a public document.

    Dorsey, whose net worth is estimated at $3.3 billion by Forbes, also said that he was pledging his stake in Square instead of Twitter because he owns a bigger portion of the payments processor.

    He also said that he would pace the sale of the pledged shares over time.

    The United States has recorded more than 380,000 coronavirus cases, with the total death toll rising to about 12,300.

    Source: reuters.com