Coinbase Buys Earn.com For Reported $100 Million, Adds Key Executive

Digital currency exchange Coinbase announced today that it has acquired Earn.com, a portal that allows people to make money by answering emails or completing other tasks. Coinbase did not disclose the terms of the deal but according to Recode, the offer was more than $100 million. As part of the acquisition, the crypto company will bring on Earn's founder and CEO Balaji Srinivasan as its first-ever chief technology officer. From the report: Srinivasan will act as "technological evangelist" for both the industry, and for Coinbase in his new role, the company said. "Balaji has become one of the most respected technologists in the crypto field and is considered one of the technology industry's few true originalists," Coinbase CEO Brian Armstrong said in a blog post Monday. Srinivasan holds a BS, MS, and PhD in Electrical Engineering and an MS in Chemical Engineering from Stanford University, and has taught courses in data mining, stats, genomics, blockchain at his alma mater. He will also be responsible for recruiting more talent, an effort that the San Francisco-based company has beefed up in recent months.

Payment received...

[barakn]

in digital currency or in real money?

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[tgeek]

That's the first thing I wondered. If this was carried out in anything other than crypto currency, it would seriously undermine my faith in either party's commitment to crypto currency.

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[Torvac]

virtual internet money

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[jtgd]

They pay in Bitcoin. The dollar value will fluctuate after that. If you want dollars then you need to cash-out frequently.