Dorsey said that he was looking for an intersection between music and the economy. (Photo credit: AFP)

  • Square would be buying a majority of the stakes valued at $297 million
  • Rapper Jay Z founded Tidal in 2015, but has since faced difficulty in performing well, owing to competitors like Spotify and Apple Music
  • The artist would be getting a place in the baord of Square

Bitcoin has seen a humongous growth . (Photo Credit: Unsplash)

  • Dorsey is also founder and chief of financial services and mobile payments firm Square
  • The amount of the cryptocurrency announced for the fund  by Dorsey was worth about $24 million on Friday
  • The link shared by Dorsey stated the mission is to "make bitcoin the internet's currency"