The president of Bitcoin.com and main promoter of the criptomoneda Bitcoin Cash (BCH), Roger Ver announced the launch of a fund to incubate and accelerate projects on the ecosystem of BCH. The plan is to have a capital of USD 200 million for investments, said the executive in the framework of the event Bitcoin Cash Meetup in London, made in England this Tuesday, November 19.See he said to those present at the meetup that the fund, called the BCH Ecosystem Investment Fund, will be used to invest in businesses that are building solutions on Bitcoin Cash. The aim is to accelerate the adoption of the criptomoneda as an economic tool for the peer exchange.The executive did not describe how it will be structured the fund, in fact, in a publication by the web site Bitcoin.com mentions that the details are not yet finalized. However, he notes that the fund will be open to the participation of institutional investors that may become sponsors of a portfolio of projects of Bitcoin Cash.De according to the information, the investments will focus on projects that develop payment solutions and financial services without custody for Bitcoin Cash. Also, incubará business such as payment gateways, processors, remittance and purses, among others. In addition, he argues that soon will open a dedicated web page, so that the projects can register and submit their business plans.The current CEO of Bitcoin.com Stefan Rust, said that the investments will seek to accelerate the development of companies focused on Bitcoin Cash. “Bitcoin.com you now have the resources and equipment to support these entrepreneurs BCH, increase the value of your business and spread the adoption Bitcoin Cash,” said Rust.In the month of August of this year it became known that Bitcoin Cash develops a project that will enable the operating contracts smarter in its blockchain, through a language called Cashscript. The language promises to enable the operation of oracles, transactions autonomous and purses of firms multiple in the network. The idea is already tested for the part of its developers.This type of developments along with the plan to invest in new applications, it may be an indication that the intention of Bitcoin Cash is to steer their business model towards the market of the contracts smart, to compete with networks like Ethereum and EOS.Bitcoin Cash arose in 2017, after a hard fork of Bitcoin, which is promoted by a group of people defending the change of some characteristics of the original protocol, including the block size. Roger See she was part of that group. A year ago, disagreements within the community of Bitcoin Cash, led to a new branch that gave origin to another currency called Bitcoin SV.See declared that “all days are build a large infrastructure and business in the ecosystem of Bitcoin Cash. Bitcoin.com will accelerate the development with our investment fund in ecosystems of a million dollars.”
