Copy link
Increase text size
Decrease text size
Link copied

Bitcoin.com to launch $200M bitcoin cash investment fund in 2020

Image: Roger Ver (Via Twitter)

Thu, 21 Nov 2019, 06:03 am UTC

Bitcoin.com has announced a $200 million investment fund in order to foster the bitcoin cash (BCH) ecosystem.

Executive Chairman Roger Ver made the announcement at a Bitcoin Cash meetup in London this week hosted by Blockchain.com.

“There is so much great infrastructure and businesses being built in the Bitcoin Cash ecosystem every day. Bitcoin.com is going to accelerate the development with our million-dollar ecosystem investment fund,” Ver said.

The BCH Ecosystem Investment Fund, slated to launch in 2020, will focus on payment solutions and non-custodial financial services for BCH. It will invest businesses such as payment gateways, processors remittances, wallet and merchant acquirers, Bitcoin.com said.

“A dedicated landing page for projects to submit their business plans will be launched very soon,” it added.

While the details of the fund have not been yet finalized, Bitcoin.com said that it will allow other institutional investors to join the fund. In fact, CEO Stefan Rust has identified up to 20 institutional investment companies that align with Bitcoin.com’s vision and satisfy its due diligence requirements.

As per the report, Bitcoin.com would charge a fee helping institutional investors with the management of the fund, in addition to the fees to access the underlying payment businesses.

“We are super excited to launch the $200 million ecosystem fund that will rapidly scale up Bitcoin Cash focused businesses,” Rust said. “Bitcoin.com receives between 6 to 8 business plans every day from software entrepreneurs leveraging the unique features and capabilities of the Bitcoin Cash blockchain. Bitcoin.com now has the resources and team to support these BCH entrepreneurs, grow the value of their businesses and spread bitcoin cash adoption.”

Just recently, electronics giant HTC partnered with Bitcoin.com and added native bitcoin cash support to its flagship smartphone, Exodus 1. Bitcoin.com revealed that it also in talks about a listing a bitcoin cash futures contract on a new exchange by the first quarter of 2020 with approval from the U.S. CFTC.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.04.29 18:01:59
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door ???? inbox me for more info....contact me on WhatsApp +1(206)-742-5358 thank you to you all and God bless you .…………………
  • 0
  • ·
  • 0
More
  • Bitcoin (BTC) $11,874.60 (+0.88%)
  • Ethereum (ETH) $395.87 (+0.66%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $301.69 (-0.37%)
  • Chainlink (LINK) $13.18 (-3.74%)
  • Bitcoin (BTC) $11,874.60 (+0.88%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft