Starting this summer, residents of Brooklyn’s Marcy complex will be eligible for free bitcoin education courses in a new initiative sponsored by Twitter founder Jack Dorsey and rapper Jay-Z.
Dorsey announced the project, called The Bitcoin Academy, in a series of tweets.
The educational program, to be led by educators Lamar Wilson and Naja Roberts, was developed in collaboration with Crypto Blockchain Plug and Black Bitcoin Billionaire.
According to the website, the goal of the project is to reduce existing barriers to financial services among residents and provide information about bitcoins as well as finance in general.
The academy said the classes will teach residents about bitcoin, how it works, why people should know about it and how they can build their financial future.
Participants in the program will receive free MiFi routers, free internet for a year and smartphones.
“Bitcoin is becoming an important tool for many in Africa, Central and South America. We believe the same potential exists in communities in the U.S.,” Dorsey said.