US-based digital foreign money alternate Coinbase stated on Monday it acquired Earn.com, and as a part of the settlement, Earn’s Chief Govt Balaji Srinivasan would be part of the corporate as chief expertise officer.
Earn, additionally headquartered in the US, permits senders to pay customers in cryptocurrency to answer to emails and full duties. The monetary particulars of the deal weren’t disclosed in a blog post by Coinbase, however tech publication Recode reported that the transaction was value barely greater than $100 million (roughly Rs. 656 crores).
Previously often known as 21, Earn.com began out as a bitcoin mining startup, however finally turned a cryptocurrency-based skilled networking platform that enables customers to earn bitcoin by answering emails and finishing different duties.
Srinivasan was previously a basic accomplice at enterprise capital agency Andreessen Horowitz.
The Earn.com deal follows Coinbase’s acquisition final week of Cipher Browser, a cellular decentralized software browser and pockets.
Coinbase is the biggest cryptocurrency firm on this planet and was most just lately valued at $1.6 billion (roughly Rs. 6,500 crores), in line with PitchBook.
© Thomson Reuters 2018