Popular cryptocurrency commentator and CEO of Bitcoin.com, Roger Ver, on Friday, uploaded and published a YouTube video (as is his routine) on why his firm recently launched a $200 million Bitcoin Cash ecosystem investment fund. In the video, Ver also breaks down why he believes BCH will soon become a popular payments coin.
The video opens with Ver listing a number of milestones BCH has, thus far, crossed in its journey to becoming a massively adopted payment utility. He lists, the Bitcoin Cash smart card being successfully demonstrated in London, the Bitcoin Cash community funding a charity trip to Ghana, as well as The BCH simple escrow contract plugin being unveiled among important recent developments in the mission to bring the digital asset into everyday use.
In addition to that, Roger elaborated more on the purpose of the investment fund, while not forgetting to discuss infrastructural work that has already been achieved on the Bitcoin Cash network. Ver reveals early, that he is of the philosophical bent that mass adoption can be achieved through making cryptocurrency more user friendly and he and his team have been hard at work, gearing Bitcoin Cash up to be that usable coin. BCH is second only to Bitcoin in terms of coins used for payment, but he is of the opinion BCH will soon be in first place.
The Investment Fund
First announced by Ver himself on November 19th , during a Bitcoin Cash meetup hosted by wallet provider, Blockchain.com. The $200 million investment chest is intended to finance payment gateways, remittance processors, wallet providers and merchants building on the Bitcoin Cash network. Ver reiterated that institutional investors were welcome to participate in the fund.
Bitcoin.com’s new CEO, Stefan Rust, has apparently already picked out about 20 institutional investors the fund may partner with the company in bringing their vision to fruition.
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