The start-up behind the BRD crypto wallet has just joined Coinbase. The announcement was made this morning by the cryptocurrency exchange. For those who don't know, BRD is a decentralized multi-wallet running on different Android and iOS apps. It supports over 110 coins and tokens that are built on Ethereum. The start-up behind the project launched its very first mobile wallet in 2014.
Credit - Cryptonaute
Coinbase buys back BRD and all team behind the project
According to information published by the co-founders of BRD, the operation and organizational chart of the start-up should not change. Certainly, the team as a whole will integrate Coinbase staff .
However, this should not change the products for users at this time. Users should not notice any changes in the way their wallets work. Their funds will always be safe and secure. BRD will buy them back., Coinbase at the same time took over the entire team behind the project. For the time being, the platform does not foresee any changes in the organization of its new acquisition.
It should be noted that BRD is one of the first known players to have specialized in cryptomobile wallets. . Basically, this allowed users to securely store their bitcoins.
Over time, the structure specialized in other currencies and added other options to its offer. . These include the possibilities of buying, selling and exchanging thanks to the partnerships that the start-up has been able to forge.
Today, BRD has more than 10 million users . Today it is one of the main launching pads for people wishing to get started in cryptocurrencies . Its app is one of the few to be endowede of an elegant interface.
BRD, future migration path to Coinbase
The Coinbase team immediately tweeted after the deal was made with BRD. The tweet read:
For their part, the co-founders of BRD are already looking into the future, while the terms of the acquisition are not yet known. They plan to set up a migration route between Coinbase and BRD. This should allow their current users to transfer the contents of their wallet to the Coinbase app.