Block Head Jack Dorsey is teaming up with famed hip-hop artist JAY-Z to fund bitcoin education in the latter’s hometown. Through a series of free classes on the subject, they intend to educate the residents of the Marcy House in Brooklyn, New York, why they should care about the mainstream cryptocurrency.
An educational program called “Bitcoin Academy” will be led by Naja J. Roberts of the Crypto Blockchain Plug and “black bitcoin billionaire” Lamar Wilson. Roberts has appeared on Afro Tech, CNBC and Fast Money, while Wilson has been featured on both The Breakfast Club and Vice News.
According to Bitcoin Academy Web site, the program will “empower” communities with knowledge by breaking down the information barrier to entry for area residents. It notes that while Bitcoin is indeed an open network, people are still effectively barred from entry if they are denied access to financial education.
Getting a bitcoin experience is also difficult, given that it cannot yet be widely used to buy basic goods, nor can it be used without devices and data plans. However, acceptance of Bitcoin payments is on the rise as Strike has partnered with Shopify to allow purchases of goods via the Lightning network.
“This program aims to provide education, empower the community, and remove some of the barriers so that residents can learn more about Bitcoin in particular and finance in general,” the site says.
Classes at the academy will be held from June 22 to September 7, both online and in person, for all residents of Marsi with dinner. It will even offer free MiFi devices, yearly data plans and smartphones for those attending the event as well as residents.
Also on weekends there will be a Crypto Kids Camp program for children aged 5 to 17. The program is intended to be expanded to other areas in the near future.
Jack and JAY-Z on bitcoin education
Today on Twitter JAY-Z said the goal of the academy is “to provide people with the tools to become independent for themselves and then for the community around them.” The rapper, like many of today’s celebrities, uses the Cryptopunk NFT as his profile picture.
Jack Dorsey, a well-known bitcoin enthusiast, said that providing such education would help develop “long-term thinking, local economics and self-confidence.” He also indicated that Bitcoin is now becoming the “essential tool” for people in Africa and Central/South America.
The first and second countries to accept Bitcoin as legal tender were the countries of Central America and Africa, respectively. In El Salvador, bitcoin education initiatives are already spreading to encourage more people to join and understand the technology.
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Credit : cryptopotato.com