Square Launches $5M Bitcoin Fund to Promote Crypto Inclusion

Payment giant Square announced on Wednesday that it will be giving out $5 million in grants from a newly created “Bitcoin Endowment,” and that it has selected Black Bitcoin Billionaire—a group that aims to bring Black people into crypto and provide wealth education—as its first recipient.

The new Bitcoin Endowment is part of a larger initiative by Square to invest a total of $100 million to promote financial inclusion, and to improve access to crypto and other technologies among minority communities. 

Read more: Decrypt