Cryptocurrency: Coinbase Buys Earn.com

Cryptocurrency: Coinbase Buys Earn.com

On Monday, the US-based digital currency exchange (Cryptocurrency) Coinbase acquires Earn.com with the agreement to make the Earn.com Chief Executive Balaji Srinivasan the Company Chief technology officer.

Earn which it’s headquartered is also located in United States, allows senders to pay users in cryptocurrency, to reply to emails and complete tasks.

The details about the amount the deal costs were not disclosed in a blog post by Coinbase, but tech publication Recode reported that the transaction was worth slightly more than $100 million (roughly N36 billion).

Also remember that Earn.com started out as a bitcoin mining startup, but eventually became a cryptocurrency-based professional networking platform that allows users to earn bitcoin by answering emails and completing other tasks.

However, Coinbase is the largest cryptocurrency company in the world and was most recently valued at $1.6 billion (roughly N567 billion), according to PitchBook.

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