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Coinbase buys Earn.com, names first CTO

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Cryptocurrency change Coinbase mentioned on Monday that it has got Earn.com, makers of a paid electronic mail product that shall we other folks earn bitcoin for replying to emails or finishing surveys.

As a part of the deal, Earn.com co-founder Balaji Srinivasan will sign up for Coinbase as its first ever leader generation officer. Srinivasan can even tackle an evangelist function for Coinbase and cryptocurrency at massive, “instructing the arena and recruiting crypto-first skill to the corporate,” Coinbase CEO Brian Armstrong mentioned in a weblog submit.

Earn.com previously operated as a bitcoin mining corporate beneath the identify 21.co Final 12 months it rebranded itself as a social community and is now thought to be some of the few sensible blockchain packages to realize significant traction.

Srinivasan mentioned in a separate weblog submit that Earn.com is a cash-flow sure trade with a multimillion buck earnings run charge and “masses of hundreds” of customers. As a part of Coinbase, Srinivasan mentioned Earn.com will proceed to function as a standalone trade however will paintings to scale its fashion throughout Coinbase’s person base.

Monetary phrases of the deal weren’t disclosed, however Srinivasan mentioned in his submit that “the entire worth of money, cryptocurrency, and fairness returned to our shareholders is now in way over the capital invested within the corporate.”

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