- Jack Dorsey and Jay Z are funding a bitcoin program available to residents of Marcy House in Brooklyn.
- Free Bitcoin Academy classes will be taught by Black Bitcoin Billionaires and founders of Crypto Blockchain Plug.
- Participants of all ages will be offered smartphones and MiFi devices with limited one-year plans to help them access the bitcoin network, if they choose to do so.
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Jack Dorsey and Jay-Z are partnering to fund a program that aims to educate the residents of Marcy House in Brooklyn about bitcoin and general finance.
Brooklyn’s First Bitcoin Academy
Mercy House residents in Brooklyn will soon be able to attend bitcoin classes.
Bitcoin Academy, a program funded by Block CEO Jack Dorsey and hip-hop superstar Sean “Jay-Z” Carter, is a project designed to educate public housing residents about bitcoin and general finance.
“The vision for bitcoin is that there are no barriers to it, but a lack of access to financial education is a constraint,” They say Website. ,[Bitcoin is] Still difficult to use for everyday needs. Plus, people need a device and a data plan.”
To overcome the difficulties faced by the economically disadvantaged in accessing cryptocurrencies, program participants will be offered smartphones and MiFi devices with limited one-year plans.
Lamar Wilson, founder of crypto news site Black Bitcoin Billionaire, will take charge of the program’s educational content, along with Najah J. Roberts, founder of Crypto Blockchain Plug. Classes will be free and offered online or in person from June to September, with individual classes taking place two evenings per week.
The program plans to expand to other New York neighborhoods in the future, focusing exclusively on the Marcy Houses (the public housing complex where Jay-Z grew up) for some time. A “Crypto Kids Camp” will also be available for residents aged 5 to 17.
After the announcement, Dorsey Having said In a Twitter post bitcoin is “becoming an important tool for many people in Africa and Central and South America. We believe the same potential exists within communities in the US… Education is where we come from.” Let’s start. It’s not just about [Bitcoin but] Long-term thinking, about local economies and confidence.”
Brooklyn Bitcoin Academy is the latest bitcoin initiative by Dorsey and Block, Inc. helped to establish. The company, formerly known as Square, went through a complete rebrand last year when it announced It was shifting its focus to bitcoin and blockchain technology. The Block has previously said it plans to launch It has also published a whitepaper outlining plans for a bitcoin hardware wallet and a decentralized exchange called tbDEX.
Disclosure: At the time of writing, the author of this article owns ETH and several other cryptocurrencies.