Cryptocurrency exchange Coinbase has acquired Earn.com, a paid messaging service enabled by Blockchain technology, and appointed the company’s CEO, Balaji Srinivasan, as its first Chief Technology Officer (CTO), TechCrunch reported April 16.
Neither Coinbase nor Earn.com, formerly known as 21.co, disclosed the terms of the deal, but Srinivasan told TechCrunch that it represented a positive return on investment for those who backed Earn.com. Since the company initially raised $120 mln in investment, there is some indication as to the cost of the deal.
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