Coinbase Buys Earn.com, Names Balaji Srinivasan It's First CTO

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Coinbase Buys Earn.com, Names Balaji Srinivasan It's First CTO

Cryptocurrency alternate Coinbase mentioned on Monday that it has acquired Earn.com, makers of a paid e mail product that lets folks earn bitcoin for replying to emails or finishing surveys.

Earn.com previously operated as a bitcoin mining firm below the title 21.co Final 12 months it rebranded itself as a social community and is now thought to be one of many few sensible blockchain purposes to achieve significant traction.

As a part of the deal, Earn.com co-founder and CEO Balaji Srinivasan will be a part of Coinbase as its first ever chief know-how officer. Srinivasan may even tackle an evangelist function for Coinbase and cryptocurrency at giant, “educating the world and recruiting crypto-first expertise to the corporate,” Coinbase CEO Brian Armstrong mentioned in a weblog publish.

Srinivasan mentioned ithat Earn.com is a cash-flow constructive enterprise with a multimillion greenback income run fee and “tons of of hundreds” of customers. As a part of Coinbase, Earn.com will proceed to function as a standalone enterprise however will work to scale its mannequin throughout Coinbase’s consumer base.

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