The new $200 million Bitcoin Cash Ecosystem Fund will focus on payment solutions and non-custodial financial services for Bitcoin Cash.
Bitcoin.com, the Bitcoin (BTC)-related firm backed by crypto evangelist Roger Ver, is planning to launch its $200 million Bitcoin Cash (BCH) investment fund.
Ver has announced the news speaking at a Bitcoin Cash meetup in London on Nov. 19, as he tweeted on Nov. 20. The event was hosted by major global crypto wallet Blockchain.com. The new Bitcoin Cash Ecosystem Fund will focus on payment solutions and non-custodial financial services for Bitcoin Cash, a cryptocurrency that emerged from a hard fork of Bitcoin in August 2017.
According to an official announcement, details of the BCH Ecosystem Investment Fund are not yet finalized but it will allow participation from institutional investors. The fund will be investing in payment gateways, processors remittances, wallet and merchant acquirers.
Bitcoin.com’s new CEO, Stefan Rust, has reportedly identified up to 20 potential institutional investors that share the company’s vision and are interested to invest alongside Bitcoin.com’s executive chairman Ver and the company itself.