X

2451 Views

Coinbase Purchased Mobile Ethereum Wallet

Spread the love
  • 5
    Shares

The well-known cryptocurrency exchange Coinbase has purchased Cipher Browser, an Ethereum wallet provider for mobiles. The exchange announced that it bought the mobile wallet on Friday, Apr. 13th.

In addition to this union, it was also announced that founder of Cipher, Pete Kim will now be the head of Engineering at Toshi. As the Browser becomes integrated in Coinbase, the two decentralized apps will merge its features. According to Cipher Browser, one of the first features which will be introduced to Toshi after the merger will be completed, will be testnets.

“Exciting news! @CipherBrowser is joining @Coinbase!@petejkim will become head of engineering for @Toshi and we’ll be merging many features of Cipher into Toshi.

We’re committed to building the best Web 3 experience on mobile.

We can’t wait for what we can all build together!” read the tweet.

Details of the acquisition are sparse for the time being, as neither side disclosed the terms of the acquisition.

Coinbase Vice president for Communications, Rachel Horwitz, said in a statement that their firm is „always looking to acquire the best teams and technologies in the crypto spaces,” expressing satisfaction over the current merger.

 “Given the similarity of our product visions, we’re happy to be joining forces with Pete, who will become head of engineering for Toshi alongside Sid Coelho-Prabhu, Coinbase’s product lead for Toshi. In coming weeks, we’ll merge certain features of Cipher into Toshi,” she added.

The recent news of this acquisition is just one from a list of major announcements that were made by the company in a short period of time. After announcing its support for SegWit in March, the crypto exchange announced that they had plans of developing an Index. Afterwards, that the exchange managed to launch a venture capitalist fund to back up blockchain and cryptocurrency projects.

 

2 Shares

You may be interested

US Rep to Hold Roundtable Discussion With Blockchain Expert
News
255 views
News
255 views

US Rep to Hold Roundtable Discussion With Blockchain Expert

Joshua Tayo - September 26, 2018

Currently, the U.S does not have a solid regulatory structure that governs the action of blockchain related innovations. In order…

New ESMA Regulations May Boost Up Crypto Exchanges Volumes
News
404 views
News
404 views

New ESMA Regulations May Boost Up Crypto Exchanges Volumes

Anca Faget - September 26, 2018

Recent ESMA  regulations have overhauled the retail trading industry. Although they probably haven’t been met with all the warmth especially…

How to Avoid Cryptocurrency Thefts
Learn
956 views
Learn
956 views

How to Avoid Cryptocurrency Thefts

Solomon Magawi - September 25, 2018

Bitcoin itself is tough to hack, thanks to the blockchain framework that underpins it. Since the blockchain is regularly reviewed…