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Square Completes $100M Investment in Underserved Communities

Financial payments company Square has allocated the final $25 million of its $100 million investment in minority and underserved communities. 

Of the remaining $25 million, $5 million was distributed to create The Bitcoin Endowment, a new fund working toward increasing bitcoin (BTC, -1.64%) education and adoption in historically under-resourced communities across the globe, according to a company announcement. 

The Bitcoin Endowment Fund’s first grant is to Black Bitcoin Billionaire, an organization working to onboard the Black community into bitcoin and create education focused on building wealth. 

Also sent was $10 million to the Entrepreneurs of Color Fund, focused on advancing small business diversity, and the final $10 million went to international organizations focused on supporting minority and underserved communities.

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