US-based digital foreign money alternate Coinbase stated on Monday it acquired, and as a part of the settlement, Earn’s Chief Govt Balaji Srinivasan would be part of the corporate as chief know-how 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 called 21, began out as a bitcoin mining startup, however finally grew to become a cryptocurrency-based skilled networking platform that enables customers to earn bitcoin by answering emails and finishing different duties.

Srinivasan was previously a common accomplice at enterprise capital agency Andreessen Horowitz.

The deal follows Coinbase’s acquisition final week of Cipher Browser, a cell decentralized software browser and pockets.

Coinbase is the most important cryptocurrency firm on the earth and was most just lately valued at $1.6 billion (roughly Rs. 6,500 crores), based on PitchBook.

© Thomson Reuters 2018

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