Btrust Acquires Qala to Advance Bitcoin Development in Africa
The non-profit organization Btrust, co-established by musician Jay-Z and Block CEO Jack Dorsey, has purchased Qala, a company focused on nurturing Bitcoin and Lightning engineering talent in Africa. Post-acquisition, Qala will be rebranded as the Btrust Builders Program. News on September 6th indicates that this acquisition aims to mutually benefit both organizations in promoting Bitcoin development across the African continent. While Btrust possesses the financial capability, it lacked the infrastructure to cultivate African Bitcoin talent effectively. Conversely, Qala had an established system but was resource-constrained, primarily since it operates as a social enterprise without revenue generation. Before the deal, Qala depended on funding from various organizations, such as Coinbase Giving and a $100,000 grant from the Human
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