Jay-Z and Jack Dorsey Criticized for Launching ‘Bitcoin Academy’ in Brooklyn Public Housing Complex Where Rapper Grew Up

Rapper Jay-Z and Twitter founder Jack Dorsey have teamed up to launch a bitcoin-focused financial literacy project named The Bitcoin Academy. The project consists of free bi-weekly classes, offered in-person and online, for residents of the musician’s childhood home: the Marcy Houses public housing complex in Brooklyn, New York City.

The team-up is not surprising considering the pair’s long, shared history in business and bitcoin. Dorsey’s digital-payments company Block (née Square) bought a majority share in Jay-Z’s Tidal streaming service in 2021, and the two have used their personal bitcoin holdings to fund a trust designed to promote the use of cryptocurrency in Africa and India.

The Bitcoin Academy itself seems to have quite a bit in common with this latter project. The academy’s website promises that its classes will “empower the community with knowledge, and get rid of some of the barriers so that residents can learn more about Bitcoin specifically and finance in general.” The only named instructors are two bitcoin influencers, Lamar Wilson and Najah J. Roberts, who promise they will teach people “about Bitcoin, how it works, why you should care, and how to build your own financial future.”

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SOURCE: The Verge, James Vincent

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