When crypto proponents were considering onboarding a new generation of users, one of the major consumer on-ramps was hosting a consumer wallet app with a sleek interface.
Today, Coinbase Presentation That it brings the team BRD — A crypto wallet startup that first launched a mobile wallet in 2014. While the team was migrating to Coinbase, BRD co-founders said nothing changed for the time being for BRD users, the wallet continued to work, and the users were “funds safe and secure.”
The wallet startup was an early player in mobile crypto wallet space, which began as a place for users to store Bitcoin, but thanks to its partnership with the exchange, it buys, sells and exchanges a wide network of tokens and cryptocurrencies. Now supports the function to do. The startup claims to have more than 10 million users.
“The team brings deep expertise in self-management of cryptocurrency wallets, which will give more people a secure and secure access to the decentralized world of cryptocurrencies.” Tweet Read from your Coinbase Wallet Twitter account.
BRD has raised a large amount of venture capital funding and has raised approximately $ 55 million in venture capital from companies such as SBI Crypto Investment and East Ventures.
Coinbase and BRD did not disclose the terms of the acquisition.
Co-founders Adam Traidman and Aaron Voisine say they plan to build a “migration path” for users to transfer wallet content to the Coinbase Wallet app, but it’s completely optional for users.
Coinbase acquihires team behind BRD crypto wallet – TechCrunch Source link Coinbase acquihires team behind BRD crypto wallet – TechCrunch
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