{"id":150680,"date":"2023-09-06T12:35:03","date_gmt":"2023-09-06T07:05:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=150680"},"modified":"2023-09-06T12:35:03","modified_gmt":"2023-09-06T07:05:03","slug":"jack-dorseys-%e2%82%bftrust-acquires-african-bitcoin-organization-qala-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/jack-dorseys-%e2%82%bftrust-acquires-african-bitcoin-organization-qala-crypto-news\/","title":{"rendered":"Jack Dorsey\u2019s \u20bftrust acquires African Bitcoin organization Qala &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-v-2649fa34=\"\">\n<p>\u20bftrust, a nonprofit organization funded by Twitter (now X) co-founder and Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>) advocate Jack Dorsey, is scaling up its programs in Africa with a new acquisition.<\/p>\n<p>The nonprofit has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.qala.dev\/trust-acquires-african-bitcoin-developer-training-company-qala\/\">acquired<\/a> Qala, an organization dedicated to training Bitcoin and Lightning Network engineers in Africa. The acquisition will help \u20bftrust in its mission to drive the development and education of Bitcoin open-source engineers from across the Global South, the organization said in a joint announcement.<\/p>\n<p>As part of the transaction \u2014 which was completed on Sept. 1 \u2014 Qala will rebrand as the \u20bftrust Builders Programme. Founded in 2021, Qala has been engaged with sourcing, training and matching African software developers with global Bitcoin firms, helping them obtain the most relevant skills for the global Bitcoin ecosystem.\u00a0<\/p>\n<figure><figcaption style=\"text-align: center\"><em>The rebranding notice on Qala\u2019s website. Source: Qala<\/em><\/figcaption><\/figure>\n<p>According to the announcement, Qala has built one of the biggest online communities of Bitcoin developers in Africa, spanning over 42 countries, including Nigeria, Kenya and Uganda. The program\u2019s alumni have secured roles at firms such as Bitcoin-native banking platform Galoy, Lightning-based messenger Sphinx Chat and peer-to-peer platform Bitnob, in addition to obtaining open-source grants from \u20bftrust and Superlunar.<\/p>\n<p>Under the acquisition terms, Qala CEO Femi Longe and program manager Stephanie Titcombe will join \u20bftrust as program leads at \u20bftrust Builders.<\/p>\n<p><strong><em>Related: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/crypto-securitize-acquires-crypto-fund-manager-onramp-invest\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/crypto-securitize-acquires-crypto-fund-manager-onramp-invest\/amp\"><strong><em>Securitize acquires $40B crypto fund manager Onramp<\/em><\/strong><\/a><\/p>\n<p>\u201cWe\u2019re incredibly proud to welcome Femi and his excellent team to \u20bftrust,\u201d \u20bftrust board member Ojoma Ochai said, adding that Qala has made \u201crapid progress in driving open-source development in the Global South.\u201d\u00a0<\/p>\n<p>Dorsey announced the creation of \u20bftrust in February 2021. Worth 500 BTC, or $23.7 million at the time of the announcement, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/jack-dorsey-and-jay-z-to-set-up-500-btc-blind-bitcoin-trust-in-india-africa\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/jack-dorsey-and-jay-z-to-set-up-500-btc-blind-bitcoin-trust-in-india-africa\/amp\">nonprofit initially focused on teams in Africa and India<\/a>. Apart from Dorsey, the trust was initially funded by crypto-friendly rapper Jay-Z. The nonprofit is currently headed up by a board of directors including Abubakar Nur Khalil, Carla Kirk-Cohen, Obi Nwosu and Ochai.<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/magazine\/bitcoin-senegal-why-how-african-country-using-btc\/\"><strong><em>Magazine: Bitcoin in Senegal: Why is this African country using BTC?<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u20bftrust, a nonprofit organization funded by Twitter (now X) co-founder and Bitcoin (BTC) advocate Jack Dorsey, is scaling up its programs in Africa with a new acquisition. The nonprofit has acquired Qala, an organization dedicated to training Bitcoin and Lightning Network engineers in Africa. The acquisition will help \u20bftrust in its mission to drive the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":150681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-150680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=150680"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150680\/revisions"}],"predecessor-version":[{"id":150683,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150680\/revisions\/150683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/150681"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=150680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=150680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=150680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}