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Bitcoin.com to Launch $200 Million BCH Ecosystem Investment Fund
A $200 million fund will empower developers to offer new capabilities to bitcoin cash users as well as give institutional investors a chance to capitalize on the future of the cryptocurrency.
$200 Million Investment Fund
Bitcoin.com is planning to launch a $200 million BCH investment fund in 2020 that will focus on payment related solutions and non-custodial financial services for Bitcoin Cash. The fund will invest in and incubate businesses like payment gateways, processors remittances, wallet and merchant acquirers.
Details of the BCH Ecosystem Investment Fund are not yet finalized but it will allow for other institutional investors to join the fund. Backers will then be presented with a portfolio of Bitcoin Cash payment related businesses to invest in. A dedicated landing page for projects to submit their business plans was just launched and is available here.
Bitcoin.com CEO Stefan Rust has been screening institutional investment companies and has identified up to 20 that align with the company's vision and satisfy its stringent due diligence requirements. Bitcoin.com would charge a fee helping institutional investors manage the fund, on top of the fees to access the underlying payment businesses. Institutions are said to be very interested in investing alongside Roger Ver and Bitcoin.com, taking a share in the upside of future BCH development.