Funding 1.1 billion won to non-profit think tanks for virtual currency research
[로이터=연합뉴스]
(Los Angeles = Yonhap News) Correspondent Yoon-seop Jung = Twitter CEO Jack Doshi donated 500 bitcoins worth 26 billion won to promote the use of bitcoin’s online currency and support the development of private cryptocurrency.
On the 12th (local time), the city disclosed these contents through Twitter, according to IT media, TechCrunch.
The city created a fund by donating bitcoins worth 23.6 million dollars (26.2 billion won) with Jay-G, who runs a famous American rapper and music service company Tidal.
Named “B Trust” after the letter before Bitcoin, the fund stated its aim is to “make Bitcoin a currency on the Internet”.
The city said the fund would first support Bitcoin development projects in India and Africa.
Earlier, on the 10th, the city donated 1 million dollars (1.1 billion won) to’Coin Center’, a non-profit virtual currency think tank in Washington DC.
[잭 도시 트위터 캡처·재판매 및 DB 금지]
India and Africa, which cities suggested as the main direction of the cryptocurrency development fund, are attracting attention as huge markets that can activate the use of bitcoin.
However, the Indian government has recently banned the distribution of private cryptocurrencies such as bitcoin and is pushing for a plan to create an official digital currency issued by the central bank.
In Nigeria, Africa, the market grew to a point where virtual currency worth 400 million dollars (440 billion won) was traded last year, but when bitcoin was used to fund anti-government protests, the government began to regulate transactions.
Bitcoin recently attracted the attention of capital market officials as Tesla made a large-scale investment, but the city is evaluated as the CEO of Silicon Valley, who paid attention to the possibility of Bitcoin before this.
Square, a fintech company founded by the city, started its bitcoin trading service in 2018, and invested $50 million (553 billion won) in bitcoin last year.
In addition, Twitter is considering a way to allow bitcoin payments if requested by a trading partner.
Unauthorized reproduction-redistribution prohibited>
2021/02/13 04:26 sent