Roger Ver Launches $200 Million Investment Fund to Support Bitcoin Cash Network
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Answer Roger Ver Launches $200 Million Investment Fund to Support Bitcoin Cash Network
Roger Ver, considered the father of Bitcoin Cash, has announced his plans to spend $200 million on developing the Bitcoin Cash ecosystem. Advertising Have been at a regular meeting in London.
As the blockchain technology matures, the global community realizes that the success of cryptocurrency depends on two factors:
- The number of people who own it.
- Popularity of various trading tools.
Thus the issue of community development is now of paramount importance for all major blockchain teams.
More funding for better bitcoin:
Roger Ver, a Bitcoin early adopter and marketer and founder of Bitcoin Cash (BCH), shared his plans to develop a Bitcoin Cash ecosystem at the Bitcoin Cash Meetup yesterday in London.
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Mr. Roger began his enthusiastic speech by showing how BCH can be used in a real economy.
He concluded that Bitcoin Cash has achieved everything in the realm of peer-to-peer cash making BCH the most compatible cryptocurrency with Satoshi’s vision.
The most exciting part of Mr. Veer presenting his plans to develop the ecosystem during the meeting was his announcement of the launch of a $200 million fund to support the BCH ecosystem.
This initiative will primarily focus on investing in companies that use BCH.
Roger Ver was exaggerating a bit when he said that the end result of BCH is that everyone enjoys financial freedom.
Fast Transactions Means Mass Adoption:
Roger Ver has stated on numerous occasions that BCH is widely used on the ground due to the high-speed nature of this blockchain-based technology.
He also noted that more companies are using BCH than any other cryptocurrency.
Bitcoin Cash is used by thousands of physical stores in South Korea.
As a reminder, BCH is the result of a split from the main Bitcoin network that occurred on August 1, 2017, as a solution to the scalability problem faced by Bitcoin.
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Bitcoin Cash is designed to use different block sizes and works much faster than Bitcoin.
$200 million in funding sounds exciting, but will it really increase mass adoption?
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