$200M Bitcoin Cash Ecosystem Fund Announced at Blockchain Headquarters

[bitcoincash]

Roger Ver has just announced the creation of a $200M USD ‘Bitcoin Cash Ecosystem Fund.’ The announcement was made at the company headquarters of Blockchain.

Bitcoin Cash developers and enthusiasts will soon be getting a cash injection of around $200M to bolster project developments.

Bitcoin Cash is Funding More Projects
The announcement was made by Roger Ver, the former CEO of Bitcoin.com, earlier Wednesday. The fund was created through partners with a few pillars of the blockchain industry. Bitcoin.com, which recently launched its own exchange, will be sponsoring the fund. The announcement was made at the headquarters of Blockchain, the firm responsible for the world’s largest cryptocurrency wallet.

Details on the fund have not yet been finalized. What we do know, however, is that Bitcoin Cash investors will be able to back the fund and Bitcoin.com’s CEO Stefan Rust has already begun screening institutional players looking to join. Thus far, they have identified 20 that want to come on board.

The massive fund was created to spur Bitcoin Cash related developments—the goal being to bankroll noteworthy developers to incentivize them to create third-party applications on Bitcoin Cash. Bitcoin.com allegedly receives 6 to 8 business plans every day, ranging from software proposals to easier payment channels. With the help of the fund, these creative ideas will be well-funded with the intent of boosting Bitcoin Cash adoption.

[KeiliSyrypanha]

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