Bitcoin.com Launches $200 Million BCH Investment Fund
Bitcoin.com is intended to release its $200 million BCH ecosystem investment fund.
About the intention of the Bitcoin related firm was announced by Roger Ver, in Bitcoin Cash meetup in London.
I just announced a $200M USD Bitcoin Cash Ecosystem Fund at the headquarters of @blockchain, the world’s largest cryptocurrency wallet. pic.twitter.com/UATUQgV8Yp
— Roger Ver (@rogerkver) November 20, 2019
The event was held by international cryptocurrency wallet Blockchain.com. Focus of the new BCH Ecosystem Fund will be on payment solutions as well as non-custodial financial services for Bitcoin Cash.
As reported, details of the BCH Ecosystem Investment Fund aren’t final yet. However, it will provide institutional investors the possibility to participate. The fund is intended to make investment in payment gateways, processors remittances, wallet, merchant acquirers.
The CEO of Bitcoin.com Stefan Rust has identified up to twenty potential institutional investors, sharing the vision of the company & have an interest to invest together with Bitcoin.com CEO Ver & the company itself.
Stefan Rust expressed his excitement: “We’re super excited to launch the $200 million ecosystem fund that will rapidly scale up Bitcoin Cash focused businesses.” He noted that six to eight software entrepreneurs send their business plans to Bitcoin.com each day.
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