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Jay-Z and Jack Dorsey Join Forces to Acquire Qala, Africa’s Leading Bitcoin Company

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Jay-Z and Jack Dorsey Launch Bitcoin Non-Profit Btrust to Support Africa and India

Jay-Z and Block CEO Jack Dorsey have partnered to create a Bitcoin non-profit called Btrust. The goal of Btrust is to support Bitcoin technology and financial services in Africa and India. The two moguls recently acquired a company called Qala, which trains African Bitcoin and Lightning engineers. Qala has now been rebranded as the Btrust Builders Programme.

Acquisition of Qala

  • Btrust acquired Qala because they had the link to the Bitcoin talent in Africa but lacked the resources.

Challenges Faced

  • Generosity and opportunities in Bitcoin are influenced by the price of Bitcoin, which can fluctuate.
  • During bear markets, Bitcoin companies tighten their budgets, making it challenging to hire.

Board Member’s Statement

Ojoma Ochai, a Btrust Board Member, expressed pride in welcoming Femi and his team to Btrust. Ochai stated that Qala’s outreach and programs have made significant progress in driving open-source development in the Global South through education, aligning with Btrust’s core mission.

Past Collaboration

Jay-Z and Jack Dorsey previously collaborated to create a Bitcoin Academy for residents of Marcy Houses, a public housing complex where Jay-Z used to live.

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