Coinbase Acquires Cryptocurrency Wallet BRD for Human Resources | Today Nation News

TechnologyCoinbase Acquires Cryptocurrency Wallet BRD for Human Resources |...

As crypto proponents seek a new generation of users, consumer wallet apps with sophisticated interfaces are the main gateways to consumers.

Coinbase is welcoming the team of BRD, a crypto asset wallet startup that first announced a mobile wallet in 2014, on November 24th.Announced.. The BRD team will move to Coinbase, but BRD users haven’t changed for the time being, the wallet will continue to operate normally, and users’ “funds are safe and secure,” BRD co-founders said.

BRD was an early player in the field of mobile crypto asset wallets and started as a place for users to store Bitcoin, but it supports a wide network of tokens and thanks to the partnership with the exchange, buying and selling and exchanging crypto assets. I grew up to be able to. The company has more than 10 million users.

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Coinbase Wallet’s Twitter accountTweet“This team will bring deep expertise in cryptocurrency wallet custody to Wallet to support Wallet so that more people can safely and securely access the world of decentralized cryptocurrencies.” ing.

So far, BRD has raised about $ 55 million in venture capital funding 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 plan to build a “migration path” for users to move the contents of their wallet to the Coinbase Wallet app, which is for users. He says it will be completely voluntary.

Image credit: BRD

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