Jack Dorsey Pledges $1B To Covid-19 Relief
Plus cryptodollarization and the role of private co's in CBDCs
Happy Tuesday, Blockfolians
Jack Dorsey has just announced that he was moving a billion dollars worth of his Square equity to an LLC to fund global Covid-19 relief. After the pandemic, the focus will shift to girls health and education and UBI. Jack made the announcement sharing a Google Doc tracking the money flows.
The move is notable for a couple reasons. First, it’s a serious amount of dry powder. Second, moving this amount of wealth into a philanthropic vehicle at this stage of one’s career is far from the norm.
Seeing someone who is passionate about many of the same ideas this bitcoin and crypto community is passionate about start to allocate resources in this way is frankly exciting.
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Meme of the week contender.